Regarding hufs
This query is : Resolved
19 February 2016
Hello Friends,
Which incomes are more secured in case of HUF?
For incorporation of HUF what are the resources for collecting fund for starting it i.e Donations, loans, gifts etc.
Pls being helpful to me
Which incomes are more secured in case of HUF?
For incorporation of HUF what are the resources for collecting fund for starting it i.e Donations, loans, gifts etc.
Pls being helpful to me
20 February 2016
for infusing capital into HUF sources may be gifts, ancestral property, share in ancestral funds etc. But from point of view of section 64 care must be taken to ensure that HUF is not created out of money belonging to karta in his individual capacity. That is to say karta of HUF must not invest his own money or property into the common pool of HUF otherwise clubbing provisions will apply.
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20 February 2016
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