huf source of income
This query is : Resolved
CA. B.SRINIVASULU
(Expert)
26 March 2009
Yes it can have commission income and any type of income other than salary.
Yes it can have commission income and any type of income other than salary.
CA.Tarun Maheshwari
(Expert)
26 March 2009
Yes, It can.
Deepak Goel
(Expert)
30 March 2009
No, HUF cannot have any commission income becuase there is no money invested by HUF. If any body have commission income in HUF then Assessing Officer can add that income into Karta's income.
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