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Huf related

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 June 2016 I have a FD in my HUF A/c. can the Quarterly int. be credited on this a/c, to my personal SB A/c. ?
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Kaushik Joshi

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Kaushik Joshi (Expert)
13 June 2016 Dear Anonymous, You can credit the interest in your SB account. However it'll be taxed in the hands of the HUF
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Rupesh Jain

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Rupesh Jain (Expert)
24 June 2016 no, you cannot do that due to FDR of the HUF and income taxable in hand of HUF.
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