Important query: HUF earning professional Income

[Akshay J]

Can HUF earn or take Professional Fee from its clients? Anyone have any concrete or legal opinion on this?

[Ashutosh Shukla]

Hi,

For the first part of the question - Unlikely or No. Please refer to https://incometaxindia.gov.in/Documents/Left%20Menu/taxability-of-huf.htm for reference, but it is not a legal opinion.

Thanks and Regards

[Akshay J]

I have already read that paragraph. It does not give clarity.

[jm sundaram]

Hai

Pl go through the link:

https://www.taxmanagementindia.com/web/View_discussions_detail.asp?ID=1060

     Sundaram jm

Company Secretary

LTG Infrastructure Limited

Bangalore 560058

Phone: 9845875796

On Wed, Aug 9, 2023 at 6:43 PM Akshay J <aksha...@gmail.com> wrote:

Can HUF earn or take Professional Fee from its clients? Anyone have any concrete or legal opinion on this?

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