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Can huf opt new scheme for a.y. 20-21


Anuj Agrawal (Article Assistant)     05 April 2020

Anuj Agrawal
Article Assistant 
 21 points

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can huf opt new scheme for a.y. 2020 - 2021 i.e. without document ad hoc deduction or huf has to follow old rule deduction on the basis of documents.?

avater

RAJA P M ("Do the Right Thing...!!!")     05 April 2020

RAJA P M
"Do the Right Thing...!!!" 
 8291 likes  113451 points

View Profile | My Other Post

Yes... HUF also use the new system...
The new system applicable only to Individual, HUF.

avater

Sujit Talukder (service)     06 April 2020

Sujit Talukder
service 
 24 likes  714 points

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HUF can opt for the new scheme u/s 115BAC from AY 2021-22 (FY 2020-21) and not for AY 2020-21. In AY 2020-21 old system of taxation needs to be followed.

https://www.taxcorner.co.in/

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