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HUF is a seprate assessee in income tax- why


VIJAY GUPTA (PARTNER )     02 July 2011

VIJAY GUPTA
PARTNER  
 32 points

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

U S Sharma

U S Sharma (glidor@gmail.com)     02 July 2011

U S Sharma
glidor@gmail.com 
 1741 likes  21031 points

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

Ayushraj

Ayushraj (Professional)     02 July 2011

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

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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.

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Paras

Paras (Mcom,CA Final)     02 July 2011

Paras
Mcom CA Final 
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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 .
 

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