Huf

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2014 WHAT IS TAX LIABILITY ON HUF INCOME
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 June 2014 depends on the nature of the income friend.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2014 SUPPOSE,
BUSINESS INCOME
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 June 2014 normal provisions will apply. tax rates shall be same as applicable to assessee under age of 60.

please refer http://finotax.com/income-tax/slabs-next#i31
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2014 IF HUF NOT PAY TAX THEN WHO IS RESPONSABLE
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 June 2014 the karta...............
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2014 IF,
KARTA'S INCOME 100000 AND HUF'S INCOME 150000 THEN WHAT ABOUT TAX LIABILITY
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2014 CAN HUF BECOME SENIOR CITIZEN
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 June 2014 dear friend,

please start reading the income tax act to start with.

please refer section 139A for PAN

I already provided you with tax rates..
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 June 2014 karta and HUF are two separate tax entities...both have to file tax return in respect to their incomes.

if the income is below exempted limit, no return is to be filed
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2014 CAN HUF CLUB ITS INCOME WITH ITS MEMBERS
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Rupesh Jain

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Rupesh Jain (Expert)
17 June 2014 no HUF income will taxable in HUF hand and Individual/member of HUF will pay tax on his income.
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2014 TELL ME WHO CAN CLUB ITS INCOME WITH OTHER PERSON
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 June 2014 refer section 64 of the income tax act..
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Querist : Anonymous

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Querist : Anonymous (Querist)
17 June 2014 IF,
HUF TRANSFER ITS INCOME TO ITS MEMBER AND SUCH PERSON IS MINOR THEN WHAT
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
17 June 2014 minor prov not applicable but his gurdian usually parents will be liable to tax.
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 June 2014 IF HER/HIS PARENTS HAS SAME INCOME THEN WHAT
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 June 2014 then any of the parent can include minor son/daughter's income in their return
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 June 2014 IN ABOVE CASE HIS/HER'S PARENT ELIGIBLE FOR DEDUCTION OF TDS IF MINOR RECEIVED INCOME AFTER DEDUCTING TDS
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 June 2014 yes...tds credit shall be available.
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 June 2014 CAN I CLUB INCOME OF MINOR WITH OTHER HOUSEHOLD MEMBER OTHER THAN PARENT
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
19 June 2014 nopes...as I said before also...please read income tax act....
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