Interest free loan to huf

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 August 2011 if father or father`s huf gives interest free loan to son`s huf and later invest it in fd? than clubbing provision applies or not?

CA Ashwani Agarwal (Expert)
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06 August 2011 Clubbing provisions apply in case of gifts and not in case of loans.

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