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 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 »
HUF invest in Mutual Fund When it comes to investing in mutual funds, many people wonder whether a Hindu Undivided Family (HUF) can participate in these opportunities. The answer is a resounding yes! A HUF, recognized as a separate legal entity in India, can indeed invest in mutual funds. What is a HUF? A HUF… Read More »
