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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.?

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

RAJA P M
"Do the Right Thing...!!!" 
 8320 likes  113778 points

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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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