Can I pay my term insurance policy premium from my HUF? I do not want any income tax rebate in my personal ITR and even if my HUF is not ablwe to claim it, it is fine with me.
Menu
Paying my term insurance policy premium from my huf
Replies (3)
Yes you can do so, there is no issues. Only thing huf will be a creditor and you become a debtor in the respective balance sheets
What I wanted was that HUF pay my premium and it can show this as a drawing (Not even as an expense). This way I will save my personal capital.
Yes even that can be done.
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
