in case of huf if the karta invest the income of other members on which tax has been deducted than income on such invested amt will be taxable in d hands of huf or in d hands of individual members to whom those invested amt belongs????
ur respond will be appreciated
regards..
If the amount is invested in the name of HUF then income will be taxable in the hands of HUF.. Otherwise if it is invested in the name of any individual member then it will be taxable in the hands of that individual.
| Originally posted by : krunal Thakkar | ||
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If the amount is invested in the name of HUF then income will be taxable in the hands of HUF.. Otherwise if it is invested in the name of any individual member then it will be taxable in the hands of that individual. |
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AGREED
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