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Transfer of Cash form HUF to Karta

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Accountant
85 Points Posted on 13 December 2020
Can a karta withdraw Cash(not bank withdrawal) from HUF for his proprietary concern and show it as interest free loan in his income tax return
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On 13 December 2020 at 16:40 Report
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Accountant
3662 Points Posted on 13 December 2020
Yes, if loan amount is 20000 in cash

No, if loan amount above Rs. 20000
9 Reply
On 13 December 2020 at 23:08


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