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HUF ALLOWD BUSINESS

pratik jain

Dear all,

Kindly share your valuable view regarding to following issue:-

I want to know that whether HUF can allowed to do business of Real Estate Brokership & if not then I am interested to know which type of business it can able to do?

Thanking you in anticipation

HUF business capacity: HUF may carry on real estate brokership subject to meeting investment and ancillary business criteria. HUF may undertake a real estate brokership business provided it meets ancillary conditions and investment requirements; permissibility depends on satisfying those additional criteria rather than any categorical prohibition. (AI Summary)
Income Tax
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CAGOPALJI AGRAWAL on Oct 12, 2012

It can do the business provided other criteia like investment in business etc is required.

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