salaried individual doing business in His HUF
This query is : Resolved
Puneet Chopra
(Querist)
18 May 2016
Sir I am a salaried individual working in a private firm, and started a new firm in my HUF name with Karta being proprietor, will the income of HUF firm will be clubbed with my individual income being firm run by employees and doing trading business or not.
Rupesh Jain
(Expert)
18 May 2016
no huf income taxable in hand of huf not in your hand.
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