it assessess Gross receipts professional income rs: 35 lacs for individual status
house expenses rs:4 lacs for individual status .
question:
assessess some professional income and house expenses transfer individual to huf status allowed in it act.
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Income and house expenses individual to huf transfer
Replies (1)
Professional income cannot be transferred to HUF account.
HUF can expend for its members' benefit.
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