18 July 2022
1. If Karta or any coparcener transfers money or mutual funds or shares etc from his account to HUF, will income derived from such funds be clubbed with income of transferor? 2. Will this be an exempt gift in hands of HUF? 3. Can HUF transfer money to any of coparceners/ Karta from its bank account? Will it be exempt Gift? 4. Can HUF run a brokerage business? Will commission or brokerage received be HUF income or Karta's income?
18 July 2022
1. Yes. 2. Yes. 3. To certain extent, say if below Rs. 50K 4. As such cannot be run by HUF, unless no direct involvement of any HUF member.
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