Huf can give loan to karta business
This query is : Resolved
02 April 2012
Sir, my question is that, can HUF give loan to its karta proprietorship firm on interest
Please sugest mee
Please sugest mee
02 April 2012
Yes, the HUF can give loan to the business of the Karta.
There is no restriction on such transaction.
However, please ensure that the loan is though a cheque and NOT in cash.
There is no restriction on such transaction.
However, please ensure that the loan is though a cheque and NOT in cash.
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