HUF is a seprate assessee in income tax- why

i want to know that what is the intention of law behind treating the HUF as seprate assessee.

Replies (4)

https://www.hinduonnet.com/businessline/iw/2000/11/12/stories/0712g201.htm

Because the Income Tax Act 1960 says so.........

The concept of HUF exisit only in India except kerala . HUF is a state subject. Because of peculiar nature of we Indians earning joint income a advantage is created for we indians.

DURING THE EARLY 60'S .....FAMILY BUSINESS WERE SEVERALLY OWNED BY MANY MEMBERS OF FAMILY .... CBDT WAS UNABLE TO BROUGHT THEM UNDER ANY OTHER ASSESSEE  CATEGORY DUE TO THE DEFINITION OF "PERSON"IN I -T ACT 1961....SO THEY AMENDED AND CHARGED THEM AS A SINGLE ASSESSEE KNOWN AS "HUF".....AND THEREFORE HUF WERE UNABLE TO AVOID TAX .
 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
12 October 2026
Chartered Accountant - Internal Audit

HKC | Chartered Accountants & Business Advisors

Ludhiana

CA

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details