Interest free loan to HUF

General
1

My father has given me some money. Now, i want to transfer that money to my HUF( i am Karta) and create Fixed Deposits. My queries are:

  1. Can i give interest free loan to my HUF for indefinite period and create Fixed Deposits from that money?

  2. Will the interest from HUF FDs will be clubbed to my income or they will be separately taxed?

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