First of all how can Mr.Zerotaxwala divide his inocme or Rs.13.1 lacs and show it as - 2.5 each for all four members and - Remaining for fifth member. This is impossible - how can he show incomes for wife and children who are his dependants. Where can they earn income from - from what source ? Please dont write these articles unless the content has been reviewed thoroughly
RE:This is either unclear or not possible
by ranbir singh kochar on Jul 10, 2008 02:40 PM Permalink
It is for an HUF(Hindu undivided family). Hence it is correct