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.
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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.
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