HUF - only professional income is there
This query is : Resolved
09 January 2009
A married individual has professional income alone. with that income can he form a HUF? he doesn't have any fixed asset in his name.
10 January 2009
No, the income from profession may not be the income of HUF.
10 January 2009
HUF cannot have 'Professional Income'.
10 January 2009
thank u so much. but my friend argues it can be done. pls. clarify.
24 June 2023
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