16 January 2013
As in case of commission HUF cannot show commission as his income,as he is not individually has made the efforts to earn it,it gets clubbed under individual income. As HUF is not an individual working in a firm so how he can get salary? pls explain
16 January 2013
If karta works on behalf of HUF,then Salary income earned by the HUF will be clubbed under karta na as he has earned by working for HUF.
16 January 2013
No dear, it will be taxed to HUF as HUF is a Partner in Firm and not Karta...and you can say that you can make tax Planning by creating HUF.
16 January 2013
k if Karta acts on behalf of HUF then the salary is earned by the Karta & the salary will be clubbed under karta na,as karta works for HUF,HUF does not earn salary because he has not done any work so.....
16 January 2013
No dear , u dont get me...in simple words...HUF can become a partner in a partnership firm and can get salary as other partner gets and salary earned by HUF is taxed to HUF as business income...thats all...do not get in much
CAclubindia
