i am the kartha in huf. i need fund in huf a/c .can i transfer from my individual a/c to my huf a/c . how should i treat it - as loan or gift
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Transfer of money to huf
Replies (1)
Transferring funds from individual to HUF will attract clubbing provisions of Section 64(2).
To increase capital, you need to resort to other means for bypassing Section 64(2).
Read this: https://www.simpletaxindia.org/2008/05/how-one-can-create-hufhindu-undivided.html
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