19 May 2013
Respected Experts I have a query regarding HUF. If an employee working for a company wants a part of his gross salary be paid as a gift to HUF for an amount of not more than Rs 50000 can the organisation do so and if yes under what header will such a transaction be recorded as. Also how can an individual having a HUF account save tax from the salary he draws from an organisation as an individual. Please clarify. Much Obliged Roshini Arya
CAclubindia
