ANY INDIVIDUAL FILE RETURN AS PER 44AD SUGAM .
AND INDIVIDUAL ALSO RECEIVED FUND OF RS 20000=00 FROM HUF , AS HE IS MEMBER OF HUF,
AS PER SUGAM ITR IF ANY INDIVIDUAL/HUF HAVE EXEMPT INCOME MORE THAN 5000 HE IS NOT LIABLE FOR SUGAM.
SO FUND RECEIVED FROM HUF IS EXEMPTED INCOME OR NOT AND HE CAN FILE ITR 4S( SUGAM ) OR NOT?
Dear Kishor,
Yes... you are required to file ITR-4 in that case... you can't file ITR-4S as your exempt income exceeds Rs. 5000.. but make sure that such income is covered u/s 10(2) of Income Tax Act, 1961.
Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com
+91-9891400405
Murali and Sumeet Chartered Accountant
Bengaluru
CA Foundation
View Details
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
CCI
Pro
CAclubindia
