https://www.taxtmi.com/forum/issue?id=2099 An HUF advanced loans to companies with mixed interest arrangements; the income tax assessing officer queried classification as a money lending business. The respondent observed that, if so classified, the HUF would be treated as carrying on business and could claim business expenditures, including bad debts, and requested further particulars to address the matter. en-us Thu, 05 Aug 2010 18:23:00 +0530 Thu, 23 Jan 2025 15:58:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2099 An HUF advanced loans to companies with mixed interest arrangements; the income tax assessing officer queried classification as a money lending business. The respondent observed that, if so classified, the HUF would be treated as carrying on business and could claim business expenditures, including bad debts, and requested further particulars to address the matter. Discussion-Forum Income Tax Thu, 05 Aug 2010 18:23:00 +0530 https://www.taxtmi.com/forum/issue?id=2099