Hello All Experts, please suggest, A member of HUF can give Interest Free Loan to HUF.
or What will be the Tax Implications if any member make a monetary gift to HUF.
please suggest Gift Or Loan which one better
3 Replies
Krishna Chaudhary
(Accountant)
(4531 Points)
Replied 23 January 2021
Yes you can give loan to HUF .there are no provisions for clubbing income of HUF
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 23 January 2021
If you gift to HUF then any income thereon will clubbed with your income.
So better to provide interest free loan to HUF
So better to provide interest free loan to HUF
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