Master TDS & TCS Provisions with Critical Issues. Register Now!

Source of income

RAKESH KUMAR BEHERA (STUDENT) (185 Points)

06 June 2016

I want to Know What are the Source of Income For a HUF except Interest Income ? Plz Help me Fnds

Reply
Follow
Share

3 Replies

Vipul Kumar Gupta (Internal Auditor/Consultant at AD Global 360 India Private Limited) (36 Points)
Replied 06 June 2016

Rental Income from the property held in the name of HUF, Business income if any business is conducted by HUF..and so many source of HUF income...

Upgrade to CAclubindia Pro. Subscribe Now!

RAKESH KUMAR BEHERA (STUDENT) (185 Points)
Replied 07 June 2016

That i want to know Sir.What other Sources

Vipul Kumar Gupta (Internal Auditor/Consultant at AD Global 360 India Private Limited) (36 Points)
Replied 07 June 2016

The main source of Income of HUF is contribution made by its members. but other sources of income are exist like any income drived from any investment which is purchased from HUF money(i.e. contribution made by its members), rentals income from property, capital gain on sale of such property, interest and dividend income and any business income which is opreated in the mane of HUF.

1 Like