huf affidavit

News

Threshold limit increased for maintenance of books of accounts of Individuals and HUF


Increasing the threshold limit for maintenance of books of accounts in case of Individuals and Hindu undivided family The existing provisions of clause i and clause ii of sub section 2 of section 44AA of the Act cast an obligation on every person carrying on business or profession other than those m

Presumptive income scheme for audit of entities raised from Rs. 1 crore to Rs. 2 crore


Finance Minister unveils string of measures towards Ease of Doing Business Presumptive income scheme for audit of entities raised from Rs 1 crore to Rs 2 crore Threshold for maintenance of books for individuals and HUF more than doubled Individual Insurance agents earning below taxable limit to be e

Clarification regarding HUF cannot be partner in a partnership firm


Clarification that HUF cannot be a partner but its karta or any individual of HUF can be a partner in a partnership firm in its individual capacity and not the HUF

Simplification of ITR forms and issue of Pan cards


The Government has simplified Income Tax Returns ITR Forms for individuals and HUFs not having business or professional income In ITR Form No 2 and 2A the main form does not contain more than three pages and other information relevant for computation of income will be captured in the schedules which

Electronic Filing of Income Tax Returns for 2015-16 Commences


Electronic Filing of Income Tax Returns for 2015 16 Commences ITR 1 Sahaj 2 and 2A can be Used by Individuals or HUF Whose Income Does not Include Income from Business ITR 4S SUGAM can be Used by an Individual or an HUF Whose Income Includes Business Income Assessable on Presumptive Basis Taxpayers

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Experts Opinions

Source of income for huf


Dear Sir or Ma am we have three HUF accounts as per below DOB we want to create source of income for all 3 accounts please advice what type of income we can generate in coming financial year we have saving bank accounts 1 DOB 11 04 1976 2 DOB 14 08 2004 3 DOB 07 09 2006 Regards Sunil Sharma

Huf


Can tution income be considered in huf income

Huf


Can tution income be considered in huf income

Open huf


Sir I want to know for opening huf we need property

Date of Commencement and details of Kartha for HUF


I dont have the date of COMMENCEMENT in my HUF PAN which details i will have to put in new GST Reg for DOC

Discussion

Huf Registration in gst as proprietor.

I have already registered but it shows pan error the authorised signatory pan and partner huf pan should match please revert us back as soon as possible

huf member minor pan card

we have registere huf but his daughter don t have pan He s daughter can become huf member without pan No reply early

HUF Formation

Can a person form a HUF including one son and his family in the HUF while excluding the other son and his family

AFFIDAVIT and declaration format for SPICe form

Please attach affidavit and declaration by first subscribers and directors format for filing SPICe form

HUF can to patnership business

can HUf enter in to patnership to do any business can HUf can enter in to two or more patnership business

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File Download

  • Income Tax Calculator FY 2016-17 AY 2017-18

    Calculates Income Tax For FY 2016 17 AY 2017 18 For Individuals HUF Firms And Companies in a very easy and friendly manner The size of this updated excel utility is just 15 KB This is only a Tax Calculator and it does not compute your Taxable Income In case of any queries or feedback please email me at ca prakashdugar gmail com
  • Format of affidavit required for MahaRERA Registration

    Format of affidavit required for MahaRERA Registration Form B Affidavit cum Declaration
  • Income Tax Calculator FY 2017-18 AY 2018-19

    Calculates Income Tax For FY 2017 18 AY 2018 19 For Individuals HUF Firms And Companies in a very easy and friendly manner The size of this excel utility is just 15 KB This is only a Tax Calculator and it does not compute your Taxable Income In case of any queries or feedback please email me at pcdugar gmail com
  • IT Interest Calculator FY 2016-17 AY 2017-18

    Calculates Interest u s 234A 234B and 234C for FY 2016 17 AY 2017 18 for Individuals HUF Firms And Companies in a very easy and simple manner The size of this Excel Utility is just 17 KB In case of any queries or feedback please email me at pcdugar gmail com
  • STK-4 Word Format

    AFFIDAVIT IN FORM STK 4 TO BE ATTACHED ALONG WITH FORM STK 2

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Articles

HUF Taxation and fundings


SOURCES OF FUNDS Explanation Any gifts in cash or in kind received by a HUF from their members are tax free Also gift received by any person from any relatives is tax free Hence a member can receive any gift from their relatives and subsequently may gift the same to their HUF Any gifts in cash or in


Section 56(2)(vii): Gifts Received by Individual and HUF


Analysis of TAXATION OF GIFTS Crux Section 56 2 vii Gifts Received by Individual and HUF 1 This section is applicable only when gifts are received by individual and HUF As per the Income Tax Act receiver of gifts is taxed Donor is not taxed under this section 2 Gifts can be in cash or kind Money giv


What is HUF ?


An HUF is a separate entity that can be created by members of a family wherein the members are lineal ascendants or descendants Hindus Buddhists Jains and Sikhs can open HUFs A single person cannot create an HUF Usually the senior most member of the family is considered thekarta the person who manag


Assessment of HUF with perspective of important & recent cases


Hindu Undivided Family HUF A fresh perspective with important recent case laws Background U s 4 of the Income Tax Act 1961 income tax is payable by every person U s 2 31 Person is defined to include a Hindu Undivided Family HUF Section 3 of the Wealth Tax Act 1957 also indicates that wealth is charg


How to reduce tax liability through HUF?


How to reduce tax liability through HUF In this article we will discuss how to reduce the Tax Liability using HUF As it is a separate legal entity in the eyes of Income Tax Act Formation of a HUF Typically a HUF is automatically created As the name suggests a HUF means a family of Hindus However und


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Updated on : 8/21/2017 10:10:26 AM


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