its posible to Karta transfer 500000 amount in his HUF ac
any tax issue if he transfer this or not...??
any cap to transfer limit of he transfer more amount as he required
its posible to Karta transfer 500000 amount in his HUF ac
any tax issue if he transfer this or not...??
any cap to transfer limit of he transfer more amount as he required
1. Yes.
2. Depends upon nature of transfer be it loan or gift or any payment etc.; but generally not taxable..
3. No limit.. but difficult to reverse in case of gifts....
THANKS SIR FOR SUPORTS
Most Welcome ....
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
