My Question is :
1) If HUF want to show Income in Returrn of Income then which typpe of Income he can show in his return of Income Tax
2 ) If ther is no anytype of Income then can cash Income can be show In HUF by each month depositing cash in Bank and if
yes then which type of Income it can be treated means it may be commission or Trading Income or Interest Income.
Please answer
HUF can have income from any source. Its a separate legal entity and hence any kind of income can arise for an HUF.
Deposit of cash every month can be from any other source.
Regards
Prateek
Goodwin Pumps India Pvt Ltd
Chengalpattu
CA Inter
View Details
Krea University
Chennai
CA
View Details
B Thejas and Associates
Bengaluru
CA Foundation
View Details
Varma Raja & Associates
Thrissur
CA Inter
View Details
CCI
Pro
CAclubindia
