HUF

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  1. v k kaushik

    v k kaushik New Member

    On creation of HUF if the member want to contribute to the HUF corpus by way of gifts from close relatives or others by way of cheque. As the said cheque will be deposited in the HUF account. Please advise whether cheque will be drawn in the name of HUF or the individual member?

    In case the gifted cheque is drawn in favour of an Individual how it will be credited to HUF bank account and how the proceeds will form part of HUF corpus?
     
    Last edited: Nov 19, 2014
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