Me and my wife are both working in IT and we receive professional income. Both of us opt for 44ADA.
We also have HUF that is formed.
Can we split part of our professional income to HUF account to save tax and also claim 44ADA from HUF account? Is this allowed? We can create and raise invoices under HUF name if required.
Professional income u/s. 44ADA is not allowed under HUF !!
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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