Menu
Commission by huf
Can huf give commission to its members under income tax?
Replies (1)
Summary: An HUF cannot typically claim "commission" paid to its members as a valid business expense, as it is often viewed as a disguised distribution of profits. While an HUF can pay a "salary" for genuine services rendered, it must be commercially justified and properly documented to be considered a deductible business expense.
Recent Topics :
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
Related Topics :
CAclubindia
