banner_ad

Rent can be received in HUF account?

Others 955 views 1 replies

hello sir/madam 

1)my mother purchased a property and she wants a rental income from the bank in Huf account for tax concession.

2)and also there is another tenant (united India insurance company) rent shall include in huf account , whose agreement is all done on just 100rs stamp paper.

Is that possible with the above two cases?

Replies (1)
If property owner is mother then rent income from bank and United Insurance will be taxable in the hands of your mother only.

TDS certificates will also be in the name of your mother.

Rental income transferred to HUF A/c will be treated as a gift to HUF (to relative) and no more concession in so far as rent income is concerned.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details