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Whether huf accept loan

Tax queries 536 views 4 replies
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6 Points Joined July 2018

Whether it is permissible if huf take unsecured loan from anyone (Company or individual)and also lend to huf members??

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On 14 December 2023 at 20:31 Report
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Profession Business
28196 Points Joined May 2017
Yes huf can accept loan subject to conditions???
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On 15 December 2023 at 08:59
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CFO- at NHTF
58280 Points Joined August 2012
There is no restriction as per income tax act if it is by account payee cheque or wire transfer
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On 15 December 2023 at 11:38
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6 Points Joined July 2018

Plz specify the conditions in which huf can not accept loan from company or individual 

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On 15 December 2023 at 14:40
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Profession Business
28196 Points Joined May 2017
Huf agreement
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On 15 December 2023 at 22:09

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