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Income of huf

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 February 2013 wht can be income of HUF. ie whether HUF can have commission income, share speculation profit, derivatives and commodity profit.

or what are other options
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Amol S Joglekar

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Amol S Joglekar (Expert)
08 February 2013 Yes, HUF can have all such income. Professional income where personal skill of karta or any member of HUF is required can not be the income of HUF... that is the only BAR.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
30 November 2013 Yes correctly said.
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