HUF - Contract income taxability
This query is : Resolved
Quick Summary
27 March 2025
Dear Experts,
Can HUF show contract income - (1% TDS contract) as income?
If yes, is presumptive taxation available?
Pls advise
Regards,
Can HUF show contract income - (1% TDS contract) as income?
If yes, is presumptive taxation available?
Pls advise
Regards,
Dhirajlal Rambhia
(Expert)
27 March 2025
Yes to both..
28 March 2025
And contract income can be considered for presumptive taxation under 44AD?
Dhirajlal Rambhia
(Expert)
28 March 2025
Yes, but not commission income...
Dhirajlal Rambhia
(Expert)
30 September 2025
Good luck....
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