Huf Is partner in a Partnership Firm. Huf is filing his own income tax return showing income of interst , share of profit and share trading gain .
Will the HUF liable to pay profession tax RS 2500/- ?
Please reply
2 Replies
GAURAV JAIN
(C.A. F!N@L Group-1 Clear...)
(278 Points)
Replied 16 October 2010
HUF cannot be a partner in a partnership firm
Chinmay
(Accounts Professional)
(356 Points)
Replied 07 December 2010
Yes, the Gaurav is absolutely correct.
HUF is never partner of Partnership Firm; except Ltd. Partnership Firm.
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