Rant received under huf property.

it is not clubbed in the individual income, karta has to file the return on behalf of indvidual in the name of HUF.

HUF is an individual entity... You need to file a separate ITR of HUF...

no, since Huf And karta have separate legal entity,

so it will not clubbed in the hand of karta

Dear Sirs,

Our Society is going for re-development program.

The builder will give us money in three ways;

1. Corpus Fund : Rs.7,50,000.00,

2. Rs.40,000 PM as house rent and,

3. Rs.25,00,000 Sale of Excess Area of the Flat( which I will be entitled) to the Builder.

I have individual as well as HUF PAN account.

Please suggest how should I proceed to minimise my tax pay out.

Would all the payments be liable for Tax payment.

Please suggest

Pannalal Ghosh