Computation of total Income of Hindu Undivided Family

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..... consideration or conversion of the self-acquired property into property of the HUF is not considered as the income of the HUF. It would be included in the income of the individual member who transferred the property to the HUF. [ Section 64(2) ] (b) Section 10(2) exempts any receipts by an individual as a member of a HUF out of the family income. (c) If a member of the HUF receive any fee or remu .....

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..... nt for the business of family; and Reasonable and not excessive. Remuneration paid to Member A HUF can be allowed to deduct salaries paid to member of the family if the payment is made as a matter of commercial or business expediency, but the services rendered must be to the family. Following methods or devices may prove useful in reducing the tax incidence in the case of HUF : By increasing the n .....

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