Deposit in huf and minors a/cs
This query is : Resolved
14 November 2016
Sir if the limit in individuals ac of depositing 2.5 lakhs has been exhausted..How much aperson can deposit in his Huf ac and children's a/c's...
15 November 2016
HUF is separately assessed to tax and cash upto Rs. 2.5 lakh can be deposited in HUF bank account. If children are minor cash can also be deposited in their bank account but only in small amounts not an abnormal amount.
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