Hi, I have received payment from government of India for selling mustard to them wherein the J-Farm are in our individual names( mine,my mom and my sister). My mom is karta of HUF .This land is ancestral property.As the land can't be in the name of HUF and doesn't have adhaar card, registration for selling crop can't be done for HUF . So the payment thus received in our individual accounts will that be our individual income or will be considered as HUF income since the land belongs to all 3 of us in equal parts.
Please keep in mind that I have job therefore HUF was formed.
As payment received in individual accounts, it will be treated as individual income.
CAclubindia
