Question

Which act is being governing at HUF?​

Answer 1

Explanation:

the Income Tax Act, 1961

A HUF is a separate entity for taxation under the provisions of S. 2 (31) of the Income Tax Act, 1961. This is in addition to an individual as a separate taxable entity. This indicates that a person may be assessed in two different capacities- as an individual and as a Karta of his HUF

Answer 2

Answer:

Hi mate

Here is ur answer

Explanation:

the Income Tax Act, 1961

A HUF is a separate entity for taxation under the provisions of S. 2 (31) of the Income Tax Act, 1961. This is in addition to an individual as a separate taxable entity. This indicates that a person may be assessed in two different capacities- as an individual and as a Karta of his HUF.