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Thread 🧵 Tax Planning through HUF Part 2
In this thread:
How Income generated in HUF
Who can be members of HUF
Who can be Karta in HUF
Investments in HUF
Who owns HUF property
Some questions from Part 1
@Spaysocial @investyadnya @AdeParimal @gaurav28jain
In this thread:
How Income generated in HUF
Who can be members of HUF
Who can be Karta in HUF
Investments in HUF
Who owns HUF property
Some questions from Part 1
@Spaysocial @investyadnya @AdeParimal @gaurav28jain
Q. How income generated in HUF?
Income can be generated through any activity such as
Trading Activity
Factory Setup
Run Hospital
Consultancy Business
Efforts to generate income in HUF can be put by all the members.
#HUF
Income can be generated through any activity such as
Trading Activity
Factory Setup
Run Hospital
Consultancy Business
Efforts to generate income in HUF can be put by all the members.
#HUF
HUF can’t be run in professional capacity where certification required.
For eg. CA, Doctors, Enginneer’s can’t run their practice under HUF but can do consultancy business where there is no certification requirement.
For eg. CA, Doctors, Enginneer’s can’t run their practice under HUF but can do consultancy business where there is no certification requirement.
