Menu
Huf with pgbp
hello frds my client has property having 25% share Each for 4 members. Due to Tax saving, as my client has Higher Tax bracket of 30%, we wish to open HUF of our client in which ONLY BUSINESS income be Done and Rents are received under Individual File, Want to know
1) Can the sole proprietary Business be Transferred to HUF??
2) what other formalities to be followed ?
Replies (2)
Should i withdraw cash from current account(existing) & deposit in huf(new account) ?
Further can i draw a/c payee cheque to my suppliers ? Any restrictions?
Recent Threads
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
- GST RATE OF OUT DOOR CATERING
- Non resident taxation & income tax in India
- GST Rate for oral Hygiene Combo Pack
- GST registration - Address error
- TDS on property pu
- Import of goods IMS action related
- Incometax Survey - Updated Return Filing after the
- TCS under 206C(1F)
Related Threads
CAclubindia
