House expenses (personal drawings) both status allowed

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B.com
3025 Points Posted on 10 January 2023
it assessess income tax returns filed both status individual and huf
1.house expenses (personal drawings) rs:1,50,000/- for individual status
2.house expenses (personal drawings) rs:1 lacs for huf status
question:
assessess house expenses both status allowed in it act
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On 10 January 2023 at 22:23 Report
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Quick Summary
This discussion clarifies whether personal drawings classified as 'house expenses' are permissible for both individual and HUF tax statuses under the Income Tax Act. It confirms that such expenses are indeed allowed, with specific limits: up to Rs 1.5 lakhs for individuals and up to Rs 1 lakh for HUFs, provided they have distinct PANs.

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SEO Sai Gr. Hosp.
212503 Points Posted on 10 January 2023

Yes, both are allowed, because both have different PANs...

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On 10 January 2023 at 23:26
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Profession
28261 Points Posted on 11 January 2023
Both status individual and huf .
1.5 lacs
and 1 lac for huf status.
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On 11 January 2023 at 20:31

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