if a joint family is included as a separte person ie as 'HUF'
then how will b the income of joint family of a muslim b assessed ?( it will b included in which of the 7persons of the ITAx act )
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wat abt a muslim joint family?
Replies (4)
As per my findings HUF (Hindu Undivided Family) is being recognised by the Indian Income Tax Act as a separate from its member and given the status same as the Individual person.
Inconnection with the Muslim family,Indian Income Tax has not recognised it as HUF.
And point to be noted that only Hindu's can form the HUF.
I have said what ever I know.
As by my understanding of the subject , it will be assessed as an A.O.P
pratik thnx for that rply
bt still hvnt got the answer dat wat abt muslim joint families.
and apart from hindus - sikh,jain & buddhist families(also if one is converts to any of these religion shall also be included)are also included in HUF.
as you have mentioned that apart from hindus; sikh,,jain & buddhist are also included for the HUF the reason behind is that they are considered as Hindus and in past they also used to form the family business same as other hindus.
ok I will try to find some more info for the same
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