Commission Income In Huf ?

05 August 2021

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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4 Replies

Ankita neema (9 Points)
Replied 05 August 2021

I think commission income cannot be earned by HUF,

CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 05 August 2021

Brokerage income can be earned by HUF

Ankit Neema (2742 Points)
Replied 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 (299 Points)
Replied 06 August 2021

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

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