Can huf file its return by showing professional income

This query is : Resolved 

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.

KINDLY SUGGEST.

10 June 2019 HUF can NOT have professional income.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries