Personal earning including income from self-acquired property of a member of the HUF is included in the income of :

CS Executive · Tax Laws · PYQS · June 2022
Personal earning including income from self-acquired property of a member of the HUF is included in the income of :
(A) HUF
(B) Members of HUF
(C) Individual
(D) None of the above

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B), (C). Official source note: The personal income of the member of the HUF is included in the income of respective member of HUF or so-called individual i.e. option C. Option B i.e. the members of HUF may be interpreted as respective members of HUF and therefore option B may also be considered as correct.

Topics: Income Tax Act, 1961

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