Huf
This query is : Resolved
20 January 2016
If a member/karta gifts to HUF a sum of Rs.5 lacs & it is invested by HUF in FD then the interest on it is clubbed in the hands of the Karta/ member. However , i have a doubt as to whether on maturity of the FD , if the HUF reinvests the funds , will the income from the reinvested FD still be clubbed in the hands of the Karta/member?
Kindly solve the query at the earliest possible.
Kindly solve the query at the earliest possible.
21 January 2016
In my opinion it will not be clubbed since it is the first income which is clubbed.
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