hi
my q is when huf investment money in fdr in names of members . int. on such income is taxable in hands of huf or not . whether sec. 64 apply here
and suppose int. on such fdr taxable in individual returns of members then what is income tax view
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income tax
Replies (4)
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crux of the point should be whether the FDR investment is out HUF funds/income 'or' from the individual members own income.If it is out of HUF funds/income then HUF is taxable on income from the FDR
i think Mr.Ravi Sanker is right
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