urgent tax planning through HUF
This query is : Open
30 May 2017
can a doctor form a HUF and receive some portion of his professional income in HUF as a measure of Tax planning
please provide the solution along with case law or section of IT Act
30 May 2017
no , HUF can not earn professional income. This is your individual income. You have to take other income like rent, interest, dividend etc....
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30 May 2017
for tax planning purpose
Message likes :
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30 May 2017
thanx for the reply sir ,it would be very helpful if you give the case law related to it
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