HUF Questions: My father had LIC policy of 10 lakh and that policy matured now, I want to transfer this 10 lakh in to my HUF account from FY : 22-23 Question: Suppose i invest this 10 lakh in this FY: 22-23 and earn return of Rs 4 Lakh then Do my HUF have to pay tax on these Rs 14,00,000 or need to pay tax on Rs 4 lakh ????
Thanku Sir jee
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Commission income is included or not?
Its allowed to HUF
Huf can earn commission income
Yes
HUF Questions:
My father had LIC policy of 10 lakh and that policy matured now, I want to transfer this 10 lakh in to my HUF account from FY : 22-23
Question:
Suppose i invest this 10 lakh in this FY: 22-23 and earn return of Rs 4 Lakh then Do my HUF have to pay tax on these Rs 14,00,000 or need to pay tax on Rs 4 lakh ????
Tax will be applicable on 4 lacs