Creation of fund for HUF from my Savings Account

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  1. Pupash

    Pupash New Member

    Sir/ Madam,
    My self & my wife both are salaried person & I open our HUF.
    My query is my saving in banks can I transfer to my HUF account & create the fund of HUf?
    For taxation pour pus from both side ( Individual & HUF) it ill be helpful?
    Thanks in advance..
    Pupash.
     
  2. rudrabose

    rudrabose Active Member

    You cant create a HUF by transferring funds from your own savings account
     
  3. Pupash

    Pupash New Member

    Sir, Thank you very much for your response..
     
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