Buying home under a new HUF

Hi Redditors

Me, my wife and a son, we've established a HUF recently. I'm planning to buy a property under that HUF. Suppose property costs 50 lakhs, 40 lakhs I will take loan, 10 lakh funds I can provide by any other means (member, non-member, loan whatever works)

My intention is to buy the property under the HUF and collect rent as HUF's income. My CA says we can buy property from HUF in this manner. But online sources tells me that funds in HUF, whoever added those funds, income generated from those funds in this case rental income, the person who added the funds will be liable to.

Can anyone help understand me if it's possible to buy under the name of HUF, assuming HUF has no income as of now. Also, if possible please give me the reference for the income tax act for the same.

Thank you πŸ™πŸ™

Posted Aug 7, 2025, 4:43 PM UTC

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