Can my father transfer his personal income in huf

Avinash (Salaried) (21 Points)

29 May 2019

My father is received rent income can he take the rent in his huf account

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3 Replies

Manish (Student) (190 Points)
Replied 29 May 2019

let huf engaged in the business of house property then surely added in huf income.

CA Rashmi Gandhi (Chartered Accountant) (86308 Points)
Replied 29 May 2019

Personal income of assessee can't be transferred in HUF

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CS Advocate Abhishek Goyal (M Com FCS LLB M-AIMA ) (13631 Points)
Replied 01 July 2019

He cannot transfer his personal income to his HUF. Because of two fundamental reasons:

1. House property does not belong to HUF.

2. Even if it is done, the same will be clubbed with the income of father only because of section 64.

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