CAclubindia

Queries Replied : 26053

Hi.I am Ramesh Krishnan, Associate Memeber of ICWAI & Certified Management Accountant (CMA) by IMA(USA) Working in Bangalore

Award Winner as " Most effective Expert in Caclubindia-2011" My working style always like,

Take life always as challenge,Think positive,

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Jay Yadav says : Agriculture Income
Dear Sir, I am a Indenting Agent & I do return file Regularly of my personal account as well as my HUF account. Now i wanted to earn from agriculture. I have been owned a land from my Personal Account. For Tax saving Purpose i wanted to do this business from my HUF. So, Please guide me wat i have to do for that. Can i transfer the land on HUF name or i have to Show the land on lease to HUF? & if Yes then Please tell me how? Thanks in advance.

Jay Yadav says : Agriculture Income
Dear Sir, I am a Indenting Agent & I do return file Regularly of my personal account as well as my HUF account. Now i wanted to earn from agriculture. I have been owned a land from my Personal Account. For Tax saving Purpose i wanted to do this business from my HUF. So, Please guide me wat i have to do for that. Can i transfer the land on HUF name or i have to Show the land on lease to HUF? & if Yes then Please tell me how? Thanks in advance.

Jay Yadav says : Agriculture Income
Dear Sir, I am a Indenting Agent & I do return file Regularly of my personal account as well as my HUF account. Now i wanted to earn from agriculture. I have been owned a land from my Personal Account. For Tax saving Purpose i wanted to do this business from my HUF. So, Please guide me wat i have to do for that. Can i transfer the land on HUF name or i have to Show the land on lease to HUF? & if Yes then Please tell me how? Thanks in advance.

Jay Yadav says : Agriculture Income
Dear Sir, I am a Indenting Agent & I do return file Regularly of my personal account as well as my HUF account. Now i wanted to earn from agriculture. I have been owned a land from my Personal Account. For Tax saving Purpose i wanted to do this business from my HUF. So, Please guide me wat i have to do for that. Can i transfer the land on HUF name or i have to Show the land on lease to HUF? & if Yes then Please tell me how? Thanks in advance.