Huf itr file or not

I had done intraday share trading in cash market. In my HUF. 

Total turnover : 64 lacs

Total profit : 70000.00

Bank intt. : 50000.00

Total income : 1,20,000.00

Do i need to file itr for A. Y. 2021-22.

As my income is below taxable

 

 

 

 

Replies (2)
Quick Summary
This discussion addresses whether an Income Tax Return (ITR) needs to be filed for an HUF (Hindu Undivided Family) that conducted intraday share trading. Despite a total income below the taxable threshold, the user is seeking clarification on filing obligations. While not strictly mandatory in this specific scenario, filing an ITR is generally recommended.

No you don't need to file it but it is still Better to file your income tax return

No, ITR filing is not mandatory in your case

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