HUF

This query is : Resolved

JINAL (Querist)
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13 August 2009 I HAVE OPENED BANK A/C IN NAME OF HUF.
I AM RECIVING PROFESSIONAL FEES AND FILING MY INDIVIDUAL ITR
HOW CAN I START TRANSACTION IN MY HUF A/C?
CAN I RECIVE PROFESSIONAL FEES IN HUF A/C?
WHAT OTHER INCOME CAN I INCLUDE IN HUF?

CA. Gurdeep Singh Chawla

CA. Gurdeep Singh Chawla (Expert)
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13 August 2009 You cant receive professional fees in HUF a/c

Aditya Maheshwari

Aditya Maheshwari (Expert)
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13 August 2009 You can start business of share trading in it, investement in shares

JINAL

JINAL (Querist)
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13 August 2009 thanks
but what can i do if i had to receive personal contract professional fees ?
i am already receiving proff fees from pvt ltd co.
how do i deal with personal income to save tax ?
i dont want to clubb it my existing income

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