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prit vora   05 August 2021

Commission Income In Huf ?

Wheather Commission or brokerage Income is allowed to take in Huf?
Is there any rules or provision regarding that? if yes please provide explanation.

 4 Replies

Ankita neema

Ankita neema   05 August 2021

I think commission income cannot be earned by HUF,

Sourav (Student)     05 August 2021

Brokerage income can be earned by HUF
Ankit Neema

Ankit Neema   05 August 2021

Not At all advisable as most chances of clubbing in personal ITR and you yourself said work is done by middle man ...means Individual and not HUF.
Vishal Manakshe

Vishal Manakshe   06 August 2021

Work can be done on behalf of HUF, so commission/brokerage income allowed

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