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huf source of income

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(Querist)
26 March 2009 HUF can have commission income?
if no why?
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
26 March 2009
Yes it can have commission income and any type of income other than salary.
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
26 March 2009 Yes, It can.



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Deepak Goel

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Deepak Goel (Expert)
30 March 2009 No, HUF cannot have any commission income becuase there is no money invested by HUF. If any body have commission income in HUF then Assessing Officer can add that income into Karta's income.

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