Hi,
When can an Individual can start hie HUF file ,and what all the income which generally a aHUF shows in his file.
whether he can show Business income also like U/s 44AD any retail income or any other.
Regards,
Ankit Kumar
Menu
Dought Regarding HUF?
Replies (5)
HUF is a family concern so stop saying he.
to start a HUF file a person must have a family and must have inherited some property or assets from ansestors.
Provisions are almost same for HUF and Individuals.
Hi,
Thanks for the prompt response.do let me know can a HUF file busines income
Regards,
Ankit Kumar
@ ankit.....
yes HUF can file business income......
Dear Ankit,
It was the Business only , due to which HUF has been recognised as a separate person in The Income Tax Act by the British. At that time all the members of family were carrying on the same business jointly.
Now HUF is being used as a tool of tax planning.
| Originally posted by : Paras Bafna | ||
 |
Dear Ankit, It was the Business only , due to which HUF has been recognised as a separate person in The Income Tax Act by the British. At that time all the members of family were carrying on the same business jointly. Now HUF is being used as a tool of tax planning. |
 |
Nice explaination sir !
Recent Threads
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
- Which ITR Opt
- Employer Details for NRI
- Section 194C or 194J apply in survey fee to determ
- Accidental Switch to New Regime using Form 10-IEA
- Should I file Revised Return U/S 139 (5)?
Related Threads
CAclubindia
