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
2 Replies
NAVIN AGICHA
(HELPING HAND)
(1313 Points)
Replied 19 April 2015
Ask person proof who told you that huf can't do trading, huf is family business, I can be any business.
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 19 April 2015
Huf can do any business. Only professional or personal skill involving activities are restricted. Eg Professionals
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