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Huf showing show income

sidhigiri (Ipcc) (236 Points)

29 March 2018

can HUF Show Commission Income?

Thanx

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3 Replies

PARESH SHAH (PARTNER) (126 Points)
Replied 29 March 2018

in my opinion NO, though huf is legal entity, but can't earn commission, it will be earn by his karta and income will be added in karta's personal account

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sidhigiri (Ipcc) (236 Points)
Replied 07 April 2018

what will be consequences if commission income filed for 2 years

PARESH SHAH (PARTNER) (126 Points)
Replied 12 April 2018

if your case selected for scrutiny then the commission income will add in karta's income

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