TAXATION AS INDIVIDUAL AND HUF ASSESSEE

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 January 2010 I AM SALARIED PERSON. I GET COMMISSION INCOME FROM MY EMPLOYER COMPANY FOR APPROXIMATELY RS 180000. CAN I TAKE THIS ON H.U.F. NAME? WILL IT BE ADDED TO MY PERSONAL INCOME?
ALSO. CAN I AVAIL THE DEDUCTIONS UNDER SEC80C OF IT ACT WITH MY PERSONAL AS WELL HUF A/C? I AM HOLDING MY HUF PAN A/C.

01 February 2010 HUF can not have commission income



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