Huf can shows income from commission

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23 September 2012 PL CLERIFY HUF CAN SHOWS INCOME FROM COMMISSION IF YES WHAT PRECAUTIONS SHOULD BE TAKEN

CA UMESHKUMAR R. ACHARYA

CA UMESHKUMAR R. ACHARYA (Expert)
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27 December 2012
Certain commercial activties are of such

nature which requires personal skill and

knowledge for E.g. Doctor, Broker,Commission Agent etc.HUF itself is

non human entity, hence it cannot carry on

above-mentioned activity, so normally it

is not advisable to show commission income

in HUF. You may show trading.