HUF - Claim Deduction in case of only Income from Capital Gain

Hello All,

Can HUF take 80C deduction in case of only Income from Short Capital Gain?

Please advise,

Thanks in advance.
Virag.
Replies (2)
Quick Summary
This discussion explores whether a Hindu Undivided Family (HUF) can claim deductions under Section 80C of the Income Tax Act when their sole source of income is from short-term capital gains. While initial advice suggests no restrictions, the user later reports encountering issues during ITR 2 filing when attempting to claim this deduction for their HUF.

No restrictions

HUF entity claim 80C deductions
Thanks for advise.

We are facing issues while ITR 2 filing for HUF as we are not able to claim 80C deduction.

Please advise.

Thanks
Virag

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