Can a Karta give loan to HUF ?

POSTED BY dvrupani ON November 29, 2013 6:24 pm ONE COMMENT

Can Individual give interest free loan to an HUF in which he himself is a karta?

One reply on this article “Can a Karta give loan to HUF ?”

  1. ashalanshu says:

    Dear DVrupani, Income Tax authorities ‘ll look into such things with a suspicious eye. Please do not indulge in such practices which may prove costly to you later on. A direct answer is Yes, Karta can loan interest free.

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today