Tag Archives: #FinancialSuccessHUF

Can HUF take loan from bank?

HUF loan requirements:

Can HUF take loan from bank Yes, a Hindu Undivided Family (HUF) can take a loan from a bank or financial institution. HUFs, as a separate legal entity under Indian tax laws, can engage in financial transactions, including borrowing money. To obtain a loan, the HUF would need to meet the eligibility criteria set by… Read More »

Can HUF earn Commission Income?

    Can HUF earn Commission Income Yes, a Hindu Undivided Family (HUF) can earn commission income. HUFs, as a separate legal entity under Indian tax laws, can engage in various income-generating activities, including earning It can earn through various activities, such as acting as an agent or intermediary in facilitating transactions or providing services for… Read More »