Huf

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2013 1)CAN FATHERS GIVE ONE TIME GIFT OF RS 300000/ (THREE LAKH ) TO SONS huf?
IF YES THEN WHETHER CLUBBIBG OF INCOME SEC 64(2) IS ENTITLED?
2) CAN huF TAKE LOAN FROM KARTA OR ITS MEMBERS? IF YES? THEN FOR HOW MUCH INT. FREE PERIOD?

CA Pallav Singhania

CA Pallav Singhania (Expert)
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30 October 2013 If father is relative of the Son's HUF then he can gift such money..
If the Son is the Karta and Father is the member then he can gift to his son's HUF...

Querist : Anonymous

Querist : Anonymous (Querist)

08 November 2013 thanks very much, resolved

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