HUF Query

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  1. RAJIVARYA

    RAJIVARYA New Member

    NAMASTE,
    I AND MY WIFE BOTH ARE WORKING.I WANT TO FOR AN HUF. HOW CAN I CREATE THE CAPITAL FOR MY HUF.IF I OR MY WIFE GIVE A LOAN TO MY HUF .THUS INCOME RAISED BY THESE FUNDS WILL BE THE INCOME OF HUF OR CUBBED TO OUR INCOME
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    If you give Loan to HUF, and HUF deposits that money in FD - the Interest earned on such FD would be clubbed with your income.
     
  3. Parul_Gupta

    Parul_Gupta Active Member

    The Best way to generate Capital in this case would be if your Relatives gift something to your HUF.

    Gifts received from Relatives would be exempted in the hands of the HUF and they can invest this amount anywhere to generate further income.
     
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