I am filing income tax return under HUF for the first time. under what head the income to be calculated sir. assessee has no rental income or salary or business income sir. would interest on sundry debtors be allowed sir?
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Income Tax Return HUF
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File under income from other sources
Ok sir thanq sir
HUF and interest on sundry debtors ...contradictory !! pls be specific.
Interest from sundry debtors sir
Sundry debtor suggest that there should be any business, if HUF given loan to others and charge interest it is chargeable under the head "Income from other Sources. After a certain limit specified intt payer must have deducted TDS also pl check/match with Form 26AS too.
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