Eligibility of Income

292 views
User Avatar

Account and Tax consultant
124 Points Posted on 11 January 2019
Hello All,

I have one query regarding HUF.

Can HUF receive professional income up to 30-40 lakhs in one financial year and file ITR-3 return for the same?

Thanks
Virag Shah
0 Reply Share Follow
On 11 January 2019 at 14:32 Report
Replies (4)
User Avatar

SEO Sai Gr. Hosp.
212511 Points Posted on 11 January 2019

Technically, No.

1 Reply
On 11 January 2019 at 14:35
User Avatar

Account and Tax consultant
124 Points Posted on 11 January 2019
Thanks sir...

Whether HUF can't receive professional income or is any another point of view?
Reply
On 11 January 2019 at 14:38
User Avatar

SEO Sai Gr. Hosp.
212511 Points Posted on 11 January 2019

Basically the same. But some professional income jointly carried by family members like stitching, tuition etc can be assessed in HUF income.

Reply
On 11 January 2019 at 15:02
User Avatar

Account and Tax consultant
124 Points Posted on 11 January 2019
okay understand...
thanks again..
Reply
On 11 January 2019 at 15:19

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Income tax act 2026
  2. Belated Return where Form 10IEA filed this year to
  3. GST Reconciliation Tool (2A vs Books) - looking fo
  4. TDS ON PF FORM 19 WITHDRAWAL
  5. Can a virtual office in Mumbai be used for company
  6. Eway and e invoicing in condition where 4 party ar
  7. Bank balance in ITR-3
  8. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  9. Tempsens Instruments IPO GMP Allotment Listing dat
  10. Upload Type - Correction. Not showing in TDS filli

More recent discussions | Post

Related Topics :

Loading