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Murali received ₹ 1 lakh from the HUF of which he is a coparcener. The HUF consists of four coparceners including his father who is the Karta of the HUF.The amount paid was by way of debit to the capital account of HUF engaged in the textile business. Is the amount of receipt chargeable to tax

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Murali received ₹ 1 lakh from the HUF of which he is a coparcener. The HUF consists of four coparceners including his father who is the Karta of the HUF.<br />The amount paid was by way of debit to the capital account of HUF engaged in the textile business. Is the amount of receipt chargeable to tax






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