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HUF - only professional income is there

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(Querist)
09 January 2009 A married individual has professional income alone. with that income can he form a HUF? he doesn't have any fixed asset in his name.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
10 January 2009 No, the income from profession may not be the income of HUF.
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
10 January 2009 HUF cannot have 'Professional Income'.
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K G Karthikeyan

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K G Karthikeyan (Querist)
10 January 2009 thank u so much. but my friend argues it can be done. pls. clarify.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 June 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp

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