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In a HUF if the Karta has income from salary will his salary income be treated as the salary income or an income for HUF?
Wiki User
∙ 14y ago
Which income is regarded as HUF income?
There are five heads of income:
1. Salary
2. Profits from business or profession
3. Income from house property
4. Capital gains
5. Income from other sources
Since the HUF is a separate entity, it can earn income from all the above except income from salary.
All income that arises on the investment of the HUF's funds and utilisation of its assets is regarded as income and is separately assessed and taxed.
Wiki User
∙ 14y ago
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Is succession certificate is required in case of death of the Karta of a HUF?
Since HUF is an entity in itself, it continues it's existence with surviving members & coparceners.
What do you mean by HUF business?
HUF
How do you file income tax return in India?
Income Tax Returns in India are to be filed through Income Tax Return(ITR) Forms and different forms are applicable different categiries of Income Tax Assessees depending upon their nature ITR1 salary and interest income individuals ITR2 individuals and HUF not having business income ITR3 (individuals & HUF) partners in firm and not having proprietory concern ITR4 individuals and HUF having proprietory business ITR5 FIRMS, AOP and BOI incl FBT(Fringe Benefit Tax) ITR6 for Companies otherthan climing exmt U/s 11 ITR7 for return under 139-4A, 4B, 4C, 4D ITR8 return of Fringe Benefits You can file your return both manually and online. Online Filing of Income tax return is preferred by general public because you get early Income Tax refunds and is more convenient. From AY 2012-2013, all individuals whose income is more than Rs 10 lakh need to file Income tax return electronically.
When was Huf Haus created?
Huf Haus was created in 1912.
What is Huf Haus's population?
The population of Huf Haus is 2,007.
What is the population of Huf Haus?
Huf Haus's population is 434.
When was František Huf born?
František Huf was born in 1981.
Where can you find huf socks in Portugal?
You will need to order huf socks online in Portugal. You can find them on eBay or the huf worldwide website.
What is Huf Haus's motto?
The motto of Huf Haus is 'homes by design'.
What are the difference between partnership and a joint Hindu family business?
Partnership is the result of an agreement or act of parties. HUF is created by the operation of law.Each partner in a partnership firm is personally liable for the debts and liabilities of the firm to an unlimited extent. In an HUF, only the Karta or the manager is liable for the debts and liabilities of the firm.The death of a partner automatically dissolves a partnership whereas the death of a member does not affect an HUF.A minor cannot become a partner in a partnership firm whereas in the case of an HUF, a minor becomes entitled to an interest by virtue of his birth.
When was Fritz Huf born?
Fritz Huf was born on August 14, 1888, in Lucerne, Switzerland.
When did Fritz Huf die?
Fritz Huf died on December 14, 1970, in Gentilino, Switzerland.
