About HUF
This query is : Open
05 April 2017
What should be the source of income to start the HUF ?
Message likes :
1 times
05 April 2017
Hi Meet,
Rental Income is the bets option to start HUF Income.
Thanks
May connect me on manish.saxena@icai.org
Rental Income is the bets option to start HUF Income.
Thanks
May connect me on manish.saxena@icai.org
05 April 2017
Which rental income you are talking about??
05 April 2017
But then property for which we are receiving rental income should be in the name of HUF ?
06 April 2017
Hi Meet,
Property can be in the name of KARTA.
Thanks
Property can be in the name of KARTA.
Thanks
06 April 2017
Thanks Manish sir
Is there any other source of income to start off with HUF?
Like receiving gift from mother or from any other member
06 April 2017
No, receiving gift from mother or from any other member is not suggestible.
06 April 2017
And as you told that rent income is the best way but what if there is no property for which rent can be received ?
06 April 2017
Don't take gift from any member of the HUF as the gift in itself would be exempt, however clubbing provisions would be applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS applicable invoice date or payment Date Which is important
- LTCG ON SALE OF RESIDENTIAL LAND
- Aggregate Turnover
- Casual Taxable Person, Last Return
- Amount received in account which was given to sons as gift
- Want to zero reversal electronic credit reversal ledger
- Clearing forwarding reimbursement party account
- GSTR 1 CAN NOT BE FILED AFTER 3 YEARS
- Guidance Required on Raising Sale Invoice & E-Way Bill for Machines Already at Customer Premises
- TDS REFUND CLAIM RELATED
- Refund of return filed for deceased
- LTCG loss on delisted shares
- Money returned by sons given as gift
- GST on Tobacco - as per new notification
- Cant amend a 26QB
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
Trending Online Classes
CAclubindia
