Hamenth (Service) (7 Points)
29 June 2024can kartha of HUF transfer money to HUF in the form of loan? if so whats the tax implication on this? will the income earned is treated under HUF or in the hands of kartha? also while repaying the loan with interest do we need to get the approval from the coparners?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(180974 Points)
Replied 29 June 2024
1. Yes.
2. No effect, unless significant amount.
3. Yes, Clubbing rule applies.
4. Depends upon the HUF deed, but in general Challengeable.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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