Which out of the following is the false statement for computation of income of the Hindu Undivided Family (H.U.F.)?

CS Executive · Tax Laws and Practice · PYQS · June 2021

(A) Income from 'stridhan' is included in the income of the family.

(B) Income from impartible estate is taxable in the hands of the holder of the estate and not in the hands the H.U.F.

(C) Under the Dayabhaga School of law, no son has any right in the ancestral property during the lifetime of his father.

(D) Personal income of the member cannot be treated as income of H.U.F.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961