Huf salary and as a patrner in a firm
This query is : Resolved
16 January 2013
Can a HUF be a partner in a partnership firm,if yes then can he get salary as other partners get.If HUF can't then reason for it?
16 January 2013
Hello,
HUF can be a Partner in a Partnership Firm and can get salary as other partner gets...it will be taxed to HUF as business Income.
Regards,
Neha Chauhan
HUF can be a Partner in a Partnership Firm and can get salary as other partner gets...it will be taxed to HUF as business Income.
Regards,
Neha Chauhan
Message likes :
1 times
16 January 2013
As in case of commission HUF cannot show commission as his income,as he is not individually has made the efforts to earn it,it gets clubbed under individual income. As HUF is not an individual working in a firm so how he can get salary? pls explain
16 January 2013
Dear as the Karta of HUF can act on behalf of HUF in a Partnership Firm, a HUF can get salary for that...
16 January 2013
If karta works on behalf of HUF,then Salary income earned by the HUF will be clubbed under karta na as he has earned by working for HUF.
16 January 2013
No dear, it will be taxed to HUF as HUF is a Partner in Firm and not Karta...and you can say that you can make tax Planning by creating HUF.
16 January 2013
k if Karta acts on behalf of HUF then the salary is earned by the Karta & the salary will be clubbed under karta na,as karta works for HUF,HUF does not earn salary because he has not done any work so.....
16 January 2013
No dear , u dont get me...in simple words...HUF can become a partner in a partnership firm and can get salary as other partner gets and salary earned by HUF is taxed to HUF as business income...thats all...do not get in much
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
