Income of HUF
This query is : Resolved
26 February 2011
Can profit earned by a HUF be distributed among the members of HUF in regular course? Is there any option like withdrawal or drawings(available in partnership firm) available in HUF?
19 March 2011
no way..........
in case of HUF,partial distribution of corpus is not recognised at all under indian income tax act. partition has to be a complete one.partial partition is no parttion.
in case of HUF,partial distribution of corpus is not recognised at all under indian income tax act. partition has to be a complete one.partial partition is no parttion.
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