Whether huf accept loan

Tax queries 275 views 4 replies

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

Replies (4)
Yes huf can accept loan subject to conditions???
There is no restriction as per income tax act if it is by account payee cheque or wire transfer

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

Huf agreement


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