How to show HUF profit sharing received in co-parcener's account?

[tarun]

Hi,

Let’s say a person receives Rs. xxxx from the profits done by HUF as part of profit sharing. How to show this in the co-parcener/member’s income tax form as this is non-taxable?

Thanks!

[Surbhi_Pal]

Hi @tarun,

You can report it under schedule EI (Exempt Income).