November 29, 2013 6:24 pm
Can Individual give interest free loan to an HUF in which he himself is a karta?
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.
Your email address will not be published.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.
2021 © Jagoinvestor.com All Right Reserved
New here? Create an account