can HUF Show Commission Income?
Thanx
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
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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