Can huf file its return by showing professional income
This query is : Resolved
10 June 2019
A HUF WAS SETUP BY AN ARCHITECT WHO ALSO FILED ITS RETURN IN INDIVIDUAL CAPACITY UNDER PRESUMPTIVE SCHEME, AS PER HIS RECORDS, FEW PART OF HIS INCOME IS REFLECTED U/S 194J IN THE 26AS OF HUF.
NOW THE QUESTION ARISE, WHETHER HE FILE THE ITR OF HUF UNDER PRESUMPTIVE SCHEME CONSIDERING THE SAME AS
1. PROFESSIONAL RECEIPTS AND CONSIDER INCOME @ 50% OR
2. JOB WORK INCOME @ 8/6% INCOME
AS THE WORK IS ACTUALLY DONE BY KARTA OF THE HUF.
KINDLY SUGGEST.
NOW THE QUESTION ARISE, WHETHER HE FILE THE ITR OF HUF UNDER PRESUMPTIVE SCHEME CONSIDERING THE SAME AS
1. PROFESSIONAL RECEIPTS AND CONSIDER INCOME @ 50% OR
2. JOB WORK INCOME @ 8/6% INCOME
AS THE WORK IS ACTUALLY DONE BY KARTA OF THE HUF.
KINDLY SUGGEST.
10 June 2019
HUF can NOT have professional income.
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