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LOAN BY MEMBERS OF HUF TO ITS HUF

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(Querist)
27 July 2009 Can members of an HUF advance loan to its HUF?
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chetan soni

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chetan soni (Expert)
27 July 2009 yes, just check the source of income to member of HUF. He/She must be having the sufficient source of income to lend such advance along with his/her regular expenses.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
27 July 2009 agree
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