Hello All Experts, please suggest, A member of HUF can give Interest Free Loan to HUF.
or What will be the Tax Implications if any member make a monetary gift to HUF.
please suggest Gift Or Loan which one better
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LOAN to HUF by its members
Replies (3)
Can give loan. Gift is also possible.
Yes you can give loan to HUF .there are no provisions for clubbing income of HUF
If you gift to HUF then any income thereon will clubbed with your income.
So better to provide interest free loan to HUF
So better to provide interest free loan to HUF
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