Can an HUF earn selling commission ? The Karta is also earning commission on his individual capacity.
2 Replies
Vishal
(Make A Guess)
(96 Points)
Replied 21 September 2008
Yes it is possible.
HUF can earn commission and be taxed seperately even when the Karta is also earning commission on his individual capacity.
HATINDER KUMAR
(CA)
(150 Points)
Replied 22 September 2008
yes it is possible that will depend upon the terms of the contract
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