Can Karta or any member of the HUF Draw Money from The HUF for his/her personal expendiure or investments??
Can Karta or any member of the HUF Draw Money from The HUF for his/her personal expendiure or investments??
yes yes and yes, you can show it as withdrawal.
Hey Hardik,
Thanks...
But is there any limit to such withdrawal??
Doesnt withdrawal from HUF leads to partial partition of the HUF??
CAclubindia
