22 Feb 2026 | 5 Mins Read
Income Tax Department can impose penalties on HUF
Flipitmoney
An individual with HUF income couldn't file ITR due to health issues in 2024-5. Since the deadline to file a revised ITR has expired, they can choose between clubbing the dividend income or treating the share transfer as a loan, but documentation and compliance are required. A full partition of HUF assets is necessary for the clubbing provisions to cease.