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
rajeev (regional manager) (39 Points)
21 July 2018its 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
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(193786 Points)
Replied 21 July 2018
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....
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