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

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