Huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 November 2013
There is a father who has a small business running with no anscentral property and only one source of income from business. He has a son who is working in a multinational. Is there any tax saving if an HUF or a trust is established ?
Kindly note that the father has only one source of income (business) and the son has only salary income
Kindly note that the father has only one source of income (business) and the son has only salary income
CA Vikas Acharya
(Expert)
09 November 2013
Income of father's businesscan be shifted towards huf upto exemption limit.
But to be done avoiding link of business and huf
But to be done avoiding link of business and huf
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