Can HUF earn Commission Income
Yes, a Hindu Undivided Family (HUF) can earn commission income.
HUFs, as a separate legal entity under Indian tax laws, can engage in various income-generating activities, including earning
It can earn through various activities, such as acting as an agent or intermediary in facilitating transactions or providing services for a commission.
The HUF can receive and it will be taxable under the Income Tax Act, subject to applicable tax rates and deductions.
Visit for more information: https://www.mca.gov.in
It’s important for HUFs to maintain proper accounting records and comply with tax regulations regarding reporting and payment of taxes. Consulting with a qualified tax professional or chartered accountant can provide specific guidance based on the HUF’s circumstances and ensure compliance with relevant tax laws.