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Partnership of huf

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(Querist)
06 October 2012 If M/s. X HUF is a partner in XYZ partnership firm.

Now X HUF has debited XYZ Firm by following three Accounts.

1. Interest 1 lakh
2. Profit 1.5 lakh
3. remuneration 2 lakh.

now as remuneration is taxable in the hands of Mr X and not X HUF then whether we should show remuneration in the books of X or X HUF.

Thanks in advance
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Surrender

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Surrender (Expert)
08 October 2012 That would depend on if X is representing X-HUF as its Karta and what ever is earned from XYZ is for X-HUF !

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