HUF account Clubbing process

[Quicko]

Hi Ramesh, you can refer to this.

Ask me anything about HUF and its taxation

Hey @tallerballer, @anilsaxena @paekut, Addressing all the queries related to clubbing: The following conclusions can be drawn from the provisions of clubbing and gifts according to the Income Tax Act. An HUF can build a corpus at the time of incorporation. Any capital raised and contributed at the time of incorporation is treated as HUF’s capital and clubbing provisions shall not apply. After the HUF is formed, the members can pool capital in the HUF and transfer capital as a gift. Gift…

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