Transferring own funds to HUF to create Capital

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  1. tarang001

    tarang001 New Member

    hello,

    I saw the thread for creating the HUF.
    I am a salaried person and also maintain my business.
    I want to know that how should I transfer my money to HUF i.e. if i directly transfer that in HUF, the income generated will be taxed separately under my own account.

    Please suggest ??
     
  2. Karan Batra

    Karan Batra Well-Known Member

    The best way to create HUF Capital is to receive some gift from your ancestors.
     
  3. tarang001

    tarang001 New Member

    I do not have ancestral money at this moment. I have only my savings which I have invested. Is is advisable that I gift that to my father/mother, and then ask them to contribute that to my HUF ?
     
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