Huf
This query is : Resolved
24 November 2013
can i tranfer cash from my individual saving a/c to create HUF???
wht r other methods to create huf capital????
thanks in advance
24 November 2013
An HUF nucleus can be created by taking a small gift from your father also. It can be taken in cash. Transferring from own account is not a good idea due to certain clubbing provisions in the act.
.
An HUF can receive gift from the friends and relatives. Gift exceeding Rs 50000/- is taxable if gift is received from other than the member of HUF.
.
.
An HUF can receive gift from the friends and relatives. Gift exceeding Rs 50000/- is taxable if gift is received from other than the member of HUF.
.
24 November 2013
Go to the following link:
http://taxguru.in/income-tax/meaning-formation-taxation-membership-and-partition-of-huf.html
http://taxguru.in/income-tax/meaning-formation-taxation-membership-and-partition-of-huf.html
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- GST Registration Cancellation books of accounts asked by officer
- TDS deduction 194J instead of EPF
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
