Wheather Commission or brokerage Income is allowed to take in Huf? Is there any rules or provision regarding that? if yes please provide explanation.
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Quick Summary
This discussion explores whether a Hindu Undivided Family (HUF) can legally receive commission or brokerage income. While some believe it's not advisable due to potential clubbing issues with personal income tax returns, others argue that if the work is genuinely performed on behalf of the HUF, then such income should be permissible. The thread seeks clarification on specific rules and provisions governing this matter.