30 July 2009
Dear Experts, Pls tell me whether we can give or take commission on sales to or from HUF (i.e. person holding a/c in Hindu undivided family) what are the rules of HUF to create & to operate?.
30 July 2009
HUF means Hindu Undivided Family. So a person have to be of Hindu religion. He is married and have at least a child to create HUF. HUF is the different identity from its karta and its members. So a member can give or take commission on sales to or from HUF.
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