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

175 views
User Avatar

Account and Tax consultant
124 Points Posted on 26 November 2020
Hello All,

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

Please advise,

Thanks in advance.
Virag.
0 Reply Share Follow
On 26 November 2020 at 19:45 Report
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.

User Avatar

Accountant
3662 Points Posted on 26 November 2020
No restrictions

HUF entity claim 80C deductions
Reply
On 26 November 2020 at 22:44
User Avatar

Account and Tax consultant
124 Points Posted on 27 November 2020
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
Reply
On 27 November 2020 at 12:16

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Capital gains incidence due to bonus shares
  2. Amendment of Object Clause of Memorandum
  3. How Can I Request a Refund for an Accidental Airte
  4. TDS on salary paid in cash
  5. YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
  6. Last Date To Fill ITR For Non-Audit Case
  7. Guidance Required on Filing Fresh Registration und
  8. IT Return Refund Status AY 2026-27
  9. Clarification Regarding Income Tax Demand Notice
  10. Online PAN Download: Check How?

More recent discussions | Post

Related Topics :

Loading