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Profit of huf is taxable ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2013 a huf is partner in a LLP, LLP earned profit for the year, whether the profit share of huf is taxable in the hand of huf ?
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CA UMESH DULAL

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CA UMESH DULAL (Expert)
31 July 2013 profit of partnership is already tax in the hands of partnership, it can not be tax in the hand of huf

It is exempted under section 10(2A)

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