Member contribution to HUF

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..... Please clarify whether the contributions made by members to its HUF, is taxable in the hands of HUF. Contibutions of the members is considered under the Capital Account of HUF. As HUF being the sepa .....

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..... rate legal entity and being assessed separately, and HUF not being the individual. - Reply By B L Bhojwani - The Reply = 1. In the hands of the HUF, such contributions are covered under clause (v)/( .....

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..... vi)/(vii) of sub-section (2) of section 56. 2. In the hands of the individual, i.e., the member of the HUF making the contribution, clubbing provisions under sub-section (2) of section 64 will be .....

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..... attracted. - Reply By Rama Krishana - The Reply = I wish to endorse the view of my learned brother. - Member contribution to HUF - Query Started By: - CA Rachit Agarwal Dated:- 14-11-2010 Income Tax .....

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..... - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - T .....

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..... MI - TaxTMI - TMITax .....

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