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

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Anuj Agrawal (Article Assistant) 05 April 2020

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.?

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

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

Sujit Talukder (service) 06 April 2020

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/