SIR, if huf gets interest free loan from karta, and that amount is kept idle in HUF sb ac, and that amounts earns interest from sb ac of HUF, to whos income will that interest will be added, katra or huf ac
Ans: Since it is Loan (may be Interest free) from Karta to HUF, any Interest Income on this amount (Lying in Savings account of HUF), shall be treated as Income of HUF. Had it been GIFT, the treatment would be different.
Most welcome for any further clarifications. Thanks.