Who Gets Your Parents’ Assets? #financewithsharan #investingforbeginners #personalfinance
Transferring assets to an HUF activates clubbing provisions, meaning any income 💰generated by the HUF is taxed in your name which defeats the whole point of making an HUF. However, there is a way for you to transfer assets to your HUF without worrying about clubbing provisions and that is when the transfer is done …