Question

Can an HUF earn income from investment of its funds?

a.

Yes

b.

No

c.

It depends on the source of the income

d.

None of the above

Posted under IC22 Life Insurance Underwriting

Answer: (a).Yes Explanation:Since the HUF is a separate entity, it can earn income from investment of the HUF's funds, business profits, house property, capital gain etc., except income from salary.

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Q. Can an HUF earn income from investment of its funds?
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