Can I show my rental income in HUF account?2 min read . Updated: 16 May 2022, 06:11 AM IST
- Transferring the house to the HUF, and its subsequent sale from the HUF will enable you to book the sale proceeds in the HUF
I am the karta of a Hindu Undivided Family (HUF) firm. My coparceners are my wife and son. I am retired and only have rental income from a house inherited from my mother through her probated will.
Select your Category
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more