Income of huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 February 2013
wht can be income of HUF. ie whether HUF can have commission income, share speculation profit, derivatives and commodity profit.
or what are other options
or what are other options
Amol S Joglekar
(Expert)
08 February 2013
Yes, HUF can have all such income. Professional income where personal skill of karta or any member of HUF is required can not be the income of HUF... that is the only BAR.
30 November 2013
Yes correctly said.
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