There is a doctor who receive salary and also have consultation fees separately and wants to create HUF in name of himself, spouse and son to separate the income from consultation fees. Is that possible?
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Quick Summary
This discussion explores whether a doctor can establish a Hindu Undivided Family (HUF) to legally separate their consultation fees from their regular salary. While creating an HUF might be possible, the consensus is that directly diverting consultation income into the HUF account is not permissible. Similarly, an HUF cannot receive income in the form of commissions for such professional services.