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Can huf buy property.?
I Filled ITR of My Father's HUF for 2Year till date showing 2,20,000 & 2,50,000 as Income. Now I am Planning to Buy a Flat costing 7,00,000 in name of HUF. Is it Advisable...? What care should I take in this Behalf?
Replies (2)
Huf can buy property in its own name. You should have adequate source of funds to prove the source of money to acquire this property.
Thanks a lot for your valuable guidence.
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