Loan from HUF A/c to Personal A/c

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  1. yashwantb

    yashwantb New Member

    From time to time, HUF members are gifting amounts from their savings A/c to HUF A/c. As & when a member requires funds, some amount is taken from the HUF A/c as loan. Is this allowed?
     
    yashwantb, Mar 4, 2016
    #1
  2. Manoj Mehra

    Manoj Mehra Active Member

    Yes, Loan from HUF Account is allowed
     
    Manoj Mehra, Mar 4, 2016
    #2
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