Income earned BY HUF

Manoj Asher (Service) (99 Points)

27 September 2010  

Sir,

I am working with Shares and Stock concern. For taxation purpose i want to know the following:

I want  to clarify the term HUF . what are the specification for creation of HUF.

By what means HUF can create Income.

Mainly HUF can gain Tax exemption if he earns income by Way of Agriculture income.

Please tell me what are the other income sources by which HUF can get Tax Benifit.

 

Thanks

Manoj Asher