I am a salaried person & karta of HUF. I want to know whether profit of HUF will be added in my yearly income.

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Someone Asked on this blog-24/10/06See , the HUF is a separate entity i.e person for I.T Act. Hence, whatever is the profit of HUF, a separate return has to be filed in the status of HUF.Therefore the profit of the HUF is taxable separately .You will sign the return as you are the Karta of…

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