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
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Eligibility of Income
Replies (4)
Technically, No.
Thanks sir...
Whether HUF can't receive professional income or is any another point of view?
Whether HUF can't receive professional income or is any another point of view?
Basically the same. But some professional income jointly carried by family members like stitching, tuition etc can be assessed in HUF income.
okay understand...
thanks again..
thanks again..
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