banner_ad

H u f

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 January 2013 Is it possible that a HUF can show in its income tax return the Agriculture income of-

Derived from ancestral land.

Derived from farms taken on Lase( popularly known as Theeka or Batai) where the owner of land gives his land to another person for agriculture operations. In other words the person who gets such land from owner can he show such agriculture income as result of agriculture operations after deducting the amount payable to owner. And "J" form are issued in name of such person.
Profile Image

CA Himanshu Kansal

Profile Image

CA Himanshu Kansal (Expert)
18 January 2013 Yes HUF can show in its ITR the income from agriculture, only If the land is on the name of Karta or co parceners. Secondly, in respect of the person who has taken such land on "Theeka", Yes such income is its income from business and profession, therefore the amount paid to the owner of the land is treated as expense.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 January 2013 Thank You Very Much Sir....
Profile Image

NITIN SHARMA

Profile Image

NITIN SHARMA (Expert)
16 February 2013 NO HUF Can Show that Income only when Such Land transfer to the HUF by karta
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details