Income tax query huf

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LLB PERSUING
186 Points Posted on 26 October 2020
my client having 2 pan card one is individual and another huf.

he is taking salary in INDIVIDUAL PAN CARD AND IS COMMISION INCOME IN HUF .

WHEN I FILED INCOME TAX RETURN IS THERE ANY RELEATION BOTH THE INCOME OR WHAT SHOULD I DO


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On 26 October 2020 at 14:21 Report
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This discussion addresses a query about filing income tax returns for a client holding both an individual and a HUF PAN. The client receives salary under the individual PAN and commission income under the HUF PAN. The consensus is that these are separate entities for tax purposes. It is advised to file two separate Income Tax Returns (ITR1), one for the individual and one for the HUF, ensuring all applicable benefits are claimed for each.

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Accountant
3662 Points Posted on 26 October 2020
Both are separate entity as per income tax

You should file two ITR

1 for individual take all benefits

2 for HUF take all benefits
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On 26 October 2020 at 14:29
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34 Points Posted on 26 October 2020
You need to determine income for both PAN seperately and file ITR for both accordingly if it's exceed 2.5 L and optional if below 2.5L ..
https://taxlearnerssearch.blogspot.com
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On 26 October 2020 at 23:54

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