Hello All,
Can a HUF gererate income by way of service business.
Thanks
Shriniwas
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 07 January 2012
There is no restrtcition on huf under the present income tax act1961, so in ma opinion i think yes.
CA Ketan Waghela
(Partner at Elite Educare)
(356 Points)
Replied 07 January 2012
Shriniwas ji,
HUF can generate income from service business.
CAclubindia
