Huf
This query is : Resolved
25 December 2012
What is the difference between specified and unspecified HUF???
25 December 2012
I had not heard these terms previously. Where did you read them??
26 December 2012
I have read this term in one of the income tax return filing software, where at the time of creating master of HUF assessee ,that whether this HUF is Specified or Unspecified.
26 December 2012
The distinction between ordinary and specified HUFs has been done away w.e.f. 1.4.1997 i.e. A.Y. 1997-98. For Assessment Year 2007-08 the rate of tax on all HUFs would be the same as in the case of an individual. This change in the rates of tax has brought a lot of relief to specified HUFs i.e. the HUFs with one or more members having taxable income.
For more follow this link.....
http://taxguru.in/income-tax/taxation-of-hindu-undivided-family-huf-and-family-arrangement.html
For more follow this link.....
http://taxguru.in/income-tax/taxation-of-hindu-undivided-family-huf-and-family-arrangement.html
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
