HUF - Contract income taxability


This query is : Resolved 

Quick Summary
This discussion clarifies whether a Hindu Undivided Family (HUF) can declare contract income, including income subject to 1% TDS. Experts confirm that HUFs can indeed show contract income and that it is generally eligible for presumptive taxation under Section 44AD, with the exception of commission income.

27 March 2025 Dear Experts,

Can HUF show contract income - (1% TDS contract) as income?

If yes, is presumptive taxation available?

Pls advise

Regards,

27 March 2025 Yes to both..

28 March 2025 And contract income can be considered for presumptive taxation under 44AD?

28 March 2025 Yes, but not commission income...

30 September 2025 Good luck....


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