Which income is regarded as HUF income?
There are five heads of income:
1. Salary
2. Profits from business or profession
3. Income from house property
4. Capital gains
5. Income from other sources
Since the HUF is a separate entity, it can earn income from all the above except income from salary.
All income that arises on the investment of the HUF's funds and utilisation of its assets is regarded as income and is separately assessed and taxed.
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