HUF Income Soure

221 views
User Avatar

student
67 Points Posted on 03 February 2020

Can a HUF receive commission income ? If yes then what is the rate of TDS for HUF?

0 Reply Share Follow
On 03 February 2020 at 17:19 Report
Replies (2)
Quick Summary
This discussion addresses whether a Hindu Undivided Family (HUF) can legally receive commission income. The consensus is that it is possible, with the applicable TDS rate under Section 194H being 5%. However, it's noted that crediting such income to a HUF's Income Tax Return (ITR) might be contentious, and the commission payer may be reluctant to issue payments directly to the HUF.

User Avatar

General Manager - Finance
1040 Points Posted on 03 February 2020

Yes.... TDS rate will be 5% u/s 194H.

Reply
On 03 February 2020 at 17:50
User Avatar

17269 Points Posted on 03 February 2020
It will be disputable to credit commission income and show in HUF ITR.

Even the payer of commission may hesitate or decline to pay in HUF name.
Reply
On 03 February 2020 at 20:14

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS Code for Salary Payment to Non-Resident Intern
  2. TDS on property
  3. Company data for software
  4. Car purchase to be eligible for ITC
  5. GST Refund on payment to builder
  6. TDS u/s 194Q on electricity supply by DHBVN etc.
  7. Subject: Can I Apply for Fresh GST Registration on
  8. Additional place in GST RC
  9. Company 3 months old, INC-20A not filed, all 3 of
  10. How do I choose the Best GST Lawyers in New Delhi

More recent discussions | Post

Related Topics :

Loading