Huf
This query is : Resolved
CA.rajni kalsariya
(Querist)
07 March 2012
it is necessary to transfer profit of HUF in capital account when filing of return of individual. individual is member of HUF.
07 March 2012
HUF is a separte entity and there is no need to trf profits to members, the same is taxable in the hands of HUF only.
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