Huf

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2015 Hi this is Bhavin from Mumbai

My one client having account data work like

he do accounts of multiple clients and having office and staff of three person who do all the accounts work.

he then check and finalize the account and take up all such works and his staff carry all the works.

can his income shows in HUF ?

he has formed one HUF and doing such work.

kindly advice

regards
Bhavin

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 January 2015 then such huf must revieve the payments to show income in its books of accounts.

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Querist : Anonymous

Querist : Anonymous (Querist)

16 January 2015 Thanks sir,
He is depositing payment in his HUF and also making salary payment from his HUF.

Sir it is sure this will not have any issues in future?

Rupesh Jain

Rupesh Jain (Expert)
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16 January 2015 it is no problem if you have sufficient proof of income and expenditure.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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16 January 2015 yes then no problem go ahead..............

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