Whether it is permissible if huf take unsecured loan from anyone (Company or individual)and also lend to huf members??
4 Replies
sabyasachi mukherjee
(27809 Points)
Replied 15 December 2023
Yes huf can accept loan subject to conditions???
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 15 December 2023
There is no restriction as per income tax act if it is by account payee cheque or wire transfer
Ajay THAKUR
(6 Points)
Replied 15 December 2023
Plz specify the conditions in which huf can not accept loan from company or individual
Recent Topics
- RCM on Groundnut purchased from farmers
- Cash transfer treatment between spouse under new r
- APPLICABILITY OF GST ON PULSES PREPACKED AND LABEL
- HSN Code for Keychain (Plastic+metal)
- Society and development, Highlighted by a term fin
- REGISTER ACCOUNT IN INCOME TAX PORTAL - NRI &
- LTCG ON PROPERTY SOLD IN PARTS
- Which GST to charge(Whether exempt or chargeable)
- Impact on project cost
- Register as representative for deceased
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
