No
As the income earned by HUF is taxable in the hand of HUF under the tax and in order to avoid the double taxation, any share received by the member of HUF is not taxable.
So any share of income that you received from HUF is exempted from tax.
Please mark your satisfactory level...
My Dear ,
I thank you for marking the answer as satisfactory.
I have noted.
It will be very nice and helpful to our other members (and the answerer too) if you mark your satisfaction level on the grade scale below.
Please feel free to mark any point. I don't share it with anyone. I use it for doing my internal calculations only. I use these calculations to evaluate the service performance of the relevant virtuoso.
Here is the grade scale:
Thank you,
Yours sincerely,
Anu, Thakurani's bestie
Asked by Pankaj on :Jun. 21, 2018
