Which out of the following income is not to be clubbed while computing income of the Hindu Undivided Family (HUF) for the assessment year 2018-19 ?

CS Executive · Tax Laws and Practice · PYQS · December 2018
Which out of the following income is not to be clubbed while computing income of the Hindu Undivided Family (HUF) for the assessment year 2018-19 ?
(A) Fees or remuneration received by the member as a director or a partner in the company or firm if the funds of the HUF are invested in a company or firm
(B) Income from 'stridhan' and personal income of the members
(C) Income of minor sons out of the investments of the family funds
(D) None of the above

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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