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Can huf do trading business

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Prop
25 Points Posted on 19 April 2015

Hello friends

I wan to create my HUF and start Garment trading business in Huf name Is HUF allowed to do business please clarify

I am told HUF cannot do trading business nor it can earn commission income.

Thanks

Arya Shah

 

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On 19 April 2015 at 13:14 Report
Replies (2)
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HELPING HAND
1313 Points Posted on 19 April 2015
Ask person proof who told you that huf can't do trading, huf is family business, I can be any business.
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On 19 April 2015 at 14:23
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Practising CA
8954 Points Posted on 19 April 2015
Huf can do any business. Only professional or personal skill involving activities are restricted. Eg Professionals
Reply
On 19 April 2015 at 23:24


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