Do bank grant loans to huf and its member separately, do they consider their individual dimensions businesses? i have get 2 incomes from two different sources. One is income
i have get 2 incomes from two different sources. One is income of Rs 2.5/- lakhs from a business of my individual capacity. Another is an income of Rs one lakh from huf. I am the karta of this huf. This income of Rs one lakh is my share from this huf.both of these incomes are duty paid incomes i.e. web incomes.i have file these two income tax returns separately.the total web income of this huf is rs.2 lacs. can i go to the bank with these two different itr's and ask for two different loans. one loan on behalf of my individual itr and one loan on behalf of my huf itr?while lend will banks consider total income of the huf and lend to the huf just or will they consider my income share from huf and lend to me as karta accordingly?
Answers: you have need of to talk to a loan officer at the sandbank.
You have to be extremely careful next to money.
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