10 June 2019
A HUF WAS SETUP BY AN ARCHITECT WHO ALSO FILED ITS RETURN IN INDIVIDUAL CAPACITY UNDER PRESUMPTIVE SCHEME, AS PER HIS RECORDS, FEW PART OF HIS INCOME IS REFLECTED U/S 194J IN THE 26AS OF HUF. NOW THE QUESTION ARISE, WHETHER HE FILE THE ITR OF HUF UNDER PRESUMPTIVE SCHEME CONSIDERING THE SAME AS 1. PROFESSIONAL RECEIPTS AND CONSIDER INCOME @ 50% OR 2. JOB WORK INCOME @ 8/6% INCOME AS THE WORK IS ACTUALLY DONE BY KARTA OF THE HUF.
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