Just a moment...

Report
ReportReport
Welcome to TaxTMI

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

Bars
Logo TaxTMI
>
×

By creating an account you can:

Report an Error
Type of Error :
Please tell us about the error :
Min 15 characters0/2000
TMI Blog
Home /

Member contribution to HUF

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ember contribution to HUF<br> Query (Issue) Started By: - CA Rachit Agarwal Dated:- 14-11-2010 Last Reply Date:- 25-11-2010 Income Tax<br>Got 2 Replies<br>Income Tax<br>Please clarify whether the cont....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ributions 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 separate legal entity and being asse....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssed 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)/(vi)/(vii) of sub-section (2) of sect....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ion 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 attracted. Reply By Rama Krishana: The....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Reply: I wish to endorse the view of my learned brother.<br> Discussion Forum - Knowledge Sharing ....