Commission Income query

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This query is : Resolved

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This discussion clarifies whether a Hindu Undivided Family (HUF) can legally earn and declare commission income on its tax return. Generally, income derived from personal talent or professional fees cannot be considered HUF income. However, if the commission is generated through an agency business owned by the HUF, it can be declared as HUF income.

SANDEEEP SINGH

SANDEEEP SINGH (Querist)

16 February 2024 Can a HUF earn commission income and show it in its return of Income.????

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

16 February 2024 Incomes like Salary, Commission, Professional Fees are not HUF incomes.

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SANDEEEP SINGH

SANDEEEP SINGH (Querist)

16 February 2024 Sir, can you please specify any such sections.
Thanks for your suggestions

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

16 February 2024 Anything related to personal talent income can't earn by HUF.
If the commission is earned based on agency business of the Family it can be shown as HUF income.

SANDEEEP SINGH

SANDEEEP SINGH (Querist)

16 February 2024 Thank you sir for your answer.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

18 February 2024 You are welcome...
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