Rent recived under HUF property will be clubbed under karta's individual file?
Please Advise.
Kishan chauhan (surat) (27 Points)
23 March 2013Rent recived under HUF property will be clubbed under karta's individual file?
Please Advise.
DEEPU HN
(Student CA Final )
(80 Points)
Replied 23 March 2013
it is not clubbed in the individual income, karta has to file the return on behalf of indvidual in the name of HUF.
CA Deepak Rathore
(EXPERT)
(281 Points)
Replied 24 March 2013
no, since Huf And karta have separate legal entity,
so it will not clubbed in the hand of karta
Pannalal Ghosh
(Owner)
(21 Points)
Replied 30 August 2013
Dear Sirs,
Our Society is going for re-development program.
The builder will give us money in three ways;
1. Corpus Fund : Rs.7,50,000.00,
2. Rs.40,000 PM as house rent and,
3. Rs.25,00,000 Sale of Excess Area of the Flat( which I will be entitled) to the Builder.
I have individual as well as HUF PAN account.
Please suggest how should I proceed to minimise my tax pay out.
Would all the payments be liable for Tax payment.
Please suggest
Pannalal Ghosh
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India