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Income Tax Exemption under Section 10(2) of Income Tax Act, 1961

 

Eligible Assessee

Any individual as a member of HUF

 

 

 

Nature of Income

Any sum received as a member of HUF

 

Amount Exempt

Entire amount so received

 

Conditions laid down for Tax Exemption

  1. Sum is received out of income of HUF

  2. In case of impart able estate, such sum is paid out of income of the estate belonging to family.

  3. Sum so received is subjected to provisions of section 64(2)

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