Hi,
I have transferred some funds from Karta personal account to HUF account say 10 lakhs. I have taken this amount on loan with interest from Karta. Now, the funds that have been transferred from Karta will they appear in Proprietors Capital section of the Balance Sheet of HUF or as Unsecured Loan for the purpose of ITR filing? The interest paid in both cases will come under the section of Interest paid
It will be unsecured loan in the BS of HUF.
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