tax exemption
This query is : Resolved
02 July 2015
Please clarify,
What is the basic tax exemption for an 82 year old Karta of an HUF ?.Is it 2.5 lakhs or 5.0 lakhs !
thanking you, ksb
What is the basic tax exemption for an 82 year old Karta of an HUF ?.Is it 2.5 lakhs or 5.0 lakhs !
thanking you, ksb
02 July 2015
return will be filed separately for HUF and karta (individual). For HUF it is 2.5 lakhs irrespective of Karta's age and for karta in his individual capacity it is 5 lacs since he is more than 80 years.
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