Whether it is permissible if huf take unsecured loan from anyone (Company or individual)and also lend to huf members??
4 Replies
sabyasachi mukherjee
(27574 Points)
Replied 15 December 2023
Yes huf can accept loan subject to conditions???
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 15 December 2023
There is no restriction as per income tax act if it is by account payee cheque or wire transfer
Ajay THAKUR
(6 Points)
Replied 15 December 2023
Plz specify the conditions in which huf can not accept loan from company or individual
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