Can an HUF operate as an Tours and Travel agency and provide travel packages.
2 Replies
CA. ANKIT PANDYA
(CA)
(682 Points)
Replied 18 June 2022
The entity is allowed to earn from all legitimate ways except by way of salary. It can engage in business, investing in real estate and market linked investment options such as shares, earn income through rent etc.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 18 June 2022
Yes if members of HUF are operation such business.
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