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Huf

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(Querist)
07 March 2012 it is necessary to transfer profit of HUF in capital account when filing of return of individual. individual is member of HUF.
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CA. Vinod

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CA. Vinod (Expert)
07 March 2012 HUF is a separte entity and there is no need to trf profits to members, the same is taxable in the hands of HUF only.

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