My huf is in need of loan of 14 lacs. I don't have cash on hand so planning to transfer shares worth 14 lacs as loan to Huf.
If huf sell these shares to raise funds for challenging order of Dy Registrar how income tax will construe it?
TIA
Menu
Loan of shares to HuF
Replies (3)
Loan is legal and there must be a resolution for the same.
You should sell shares and transfer money to HUF.
Any solution as I transferred the shares to HuF as loan and it sold to meet the urgency?
Recent Topic
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
Related Topics
CAclubindia
