Huf-income

ajay kumar sarawogi (Querist) 15 August 2013 This query is : Resolved
i have a agency in name of my huf. and got
commission of 3 lakhs for current financial
year 13 - 14. TDS was deducted in name of huf
and credited to form 26A. bank account is in name of HUF.

1) will it be treated as huf income as agency
is name of HUF. and TDS was also deducted
in name of HUF.and Bank account is also in
name of HUF.

2) Or it will be treated as individual
income of Karta. and there may be
clubbing of income. IF YES, what is the
way to escape clubbing

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Anirudh (Expert) 17 August 2013
If the Agency is that of HUF, and the income is that of the Agency, then the question of treating the income as individual income does not at all arise.

Raj Kumar Makkad (Expert) 19 August 2013
1. Yes.

2. There is no question of clubbing as the agency is in the name of HUF and the proceeds have also been deposited in the separate account maintained in the name of HUF.

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