Huf query
This query is : Resolved
21 March 2012
Can karta give gift to his own HUF ? Is income generated from such gift taxable in the hands of karta or HUF ?
What happens if he gives loan to HUF.
What happens if he gives loan to HUF.
22 March 2012
Yes he can gift. Income generated should be clubed with the income of the karta. Also he can give loan.
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