20 June 2013
Hello Sir, i am opening an huf in the name of my father. we are a family of 4. my brother is a salaried person. can i make him a member(coparcener) in the huyf...???
if yes, then, please tell me that if my brother's salary income is above the basic exemption limit of 2 lacs rs, then can he can save tax by giving his incomne to huf..??? what will be the consequences n what will be its taxation..??