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Individual and huf rturn

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Student CA Final
392 Points Posted on 28 June 2013
Hello sir!! My querry is regrding benifit of basic exmption to individual and huf. Say......mr.x is an individual and also krta of x (huf). If mr.x files his return and for huf also, then both can avail benifit of exemption limit seperately or only one cn avail?
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On 28 June 2013 at 07:32 Report
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CA
987 Points Posted on 28 June 2013
Both can avail exemption benefit
1 Reply
On 28 June 2013 at 10:37
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Tax Consultant
235 Points Posted on 28 June 2013

Individual is separate entity and HUF is separate entity and hence both can avail

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On 28 June 2013 at 11:12
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CA Job
38 Points Posted on 28 June 2013

Individual and HUF both are separate entity, hence both can avail the exemption benefit.

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On 28 June 2013 at 14:59
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Student
129 Points Posted on 29 June 2013

Both Can avail benifit of  examption as Individual & HUF both are seperate entity

2 Reply
On 29 June 2013 at 13:32


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