Can HUF do buisness
This query is : Resolved
11 February 2010
I want to know that, a person can do business (Trading Or Manufacturing) in the name of his HUF or not? If yes then is it be treated same as properiotership? If no then please tell me in summarized manner why?
12 February 2010
HUF can do business, it will be trated as propperitorership.
13 February 2010
Sir, please tell me that, is there any restriction on HUF, for certain type of incomes which A HUF can not earned? If yes please give me some examples of incomes, which can not be earned by a HUF?Because i have told by a person that a huf cannot earn commission income.....
13 February 2010
An HUF can earn any type of income except salary income. it can earn commission income also.
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Building tax payment deduction in rental Income
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- F & O PROFIT REPORTING FOR AY 2026-27
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
