Hi, I am rinning a individual proprietorship firm.
Can I give commission from my individual firm to my own HUF ? Hope this is not treated as Manipulation of income.
Many thanks
Vishal
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Individual giving commission to his huf
Replies (1)
Dear Vishal,
Yes u can give commission to your HUF from your proprietory business. I dont think there is any restriction in Income tax. Only if the commission is found to be excessive than norma,l you may be questioned by the A.O and he may ivoke sec. 40 (A)(2b)
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