Can Karta or any member of the HUF Draw Money from The HUF for his/her personal expendiure or investments??
Prateek Agarwal (Sr. Executive - Finance & Accounts) (1732 Points)
25 February 2012Can Karta or any member of the HUF Draw Money from The HUF for his/her personal expendiure or investments??
CA Hardik Bunha
(self)
(2121 Points)
Replied 25 February 2012
yes yes and yes, you can show it as withdrawal.
Prateek Agarwal
(Sr. Executive - Finance & Accounts)
(1732 Points)
Replied 27 February 2012
Hey Hardik,
Thanks...
But is there any limit to such withdrawal??
Doesnt withdrawal from HUF leads to partial partition of the HUF??
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