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Loan to huf

CeeJay C.J. (3 Points)

04 November 2020

can a karta Give interest free loan to huf without attracting clubbing provisions?

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JATINDER KUMAR (Accountant) (3662 Points)
Replied 04 November 2020

Yes.....

Sanjiv Rajpoot (3430 Points)
Replied 05 November 2020

Karta can give interest free loan to member but if loan give to member for tax evasion then clubbing provisions applicable

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CeeJay C.J. (3 Points)
Replied 05 November 2020

I am a karta and and i want to give interest free loan to HUF to invest and trade in the Share market! Will this attract clubbing provisions?

JATINDER KUMAR (Accountant) (3662 Points)
Replied 05 November 2020

No....

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