taking loan from HUF
Rajeev Tyagi (35 Points)
06 October 2018
if a member of HUF takes loan from HUF to buy a shop, is there a chance for case of clubbing of income
1 Replies
CA Sunil Kumar
(Chartered Accountant)
(4524 Points)
Replied 06 October 2018
No, clubbing provision is not applicable in this case. The HUF can also give loans to the karta or coparceners for setting up a business. The HUF can charge interest on the loan.
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