Huf related

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2016 I have a FD in my HUF A/c. can the Quarterly int. be credited on this a/c, to my personal SB A/c. ?

13 June 2016 Dear Anonymous, You can credit the interest in your SB account. However it'll be taxed in the hands of the HUF

24 June 2016 no, you cannot do that due to FDR of the HUF and income taxable in hand of HUF.




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