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Separate account for return filing as huf

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 February 2013 Dear Sir,
Is it mandatory to open a separate bank account and do all transactions through it in order to file tax returns as HUF.
Is is possible that I bifurcate certain transactions in my individual bank account as HUF income/expenditure and file my returns both as individul and as HUF.

Thanks!
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
03 February 2013 Tax authorities will not allow such facility.
.
Separate account has to be opened for the HUF.
.
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