HUF INCOME
This query is : Resolved
28 November 2010
i am salaried employee. how can i divert my income to my HUF? (assumed that i have one male child)
29 November 2010
Do you mean, you want to divert your salary income to HUF?
That's not possible since an HUF cannot be an employee. You are employed in your individual capacity.
You can however, throw the income so earned (as an individual) into your HUF common hotchpot for investment or other purposes. Clubbing provisions will then apply.
That's not possible since an HUF cannot be an employee. You are employed in your individual capacity.
You can however, throw the income so earned (as an individual) into your HUF common hotchpot for investment or other purposes. Clubbing provisions will then apply.
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