Formation Management & Taxation of Hindu Undivided Families (HUF)

Book Details

CONTENT

Part : A

Hindu Undivided Family (HUF)

1. Introduction of Hindu Undivided Family (HUF)	3
2. Hindu Law	16
3. Whom we can call Hindu	28
4. Modes of Creation of HUF	34
5. School of Hindu Law	59
6. Residential Status of HUF	74
7. Concept of Coparcenery	89
8. Doctrine of Blending	111
9. Karta of HUF	144
10. Gift by HUF	154
11. Gift to HUF	176
12. Assets of HUF [Coparcenary Property]	180
13. Rule of Succession to Property	193
14. Income Tax Law relating to Family Settlements Arrangements	206
15. Hindu Undivided Family after Enactment of Hindu Succession Act, 1956	237
16. Hindu Undivided Family & Hindu Adoption and Maintenance Act, 1956	241
17. Return of Income	247
18. Any Sum Received by an Individual as a member of a Hindu Undivided Family (HUF) is Exempt [Section 10(2)]	256
19. Income from House Property of HUF	260
20. Business Income of HUF	267
21. Capital Gain Income of HUF	271
22. Income from Other Sources for HUF	293
23. Hindu Undivided Family (HUF) & Partnership Firm	301
24 Clubbing Provisions in Case of HUF	320
25. HUF : Deductions under Chapter VIA	329
26. lncome treated as Income belonging to HUF	343
27. Income not treated as Belonging to HUF	362
28. Computation of Taxable Income of HUF	374
29. Partition of HUF [Section 171]	384
30. Partition and Re-Union of HUF	431
31. Assessment after Partition of a Hindu Undivided Family [Section 171]	445
32. Recovery of Tax in the case of HUF	457
33. Hindu Converted to other Religion : HUF Taxation	469
34. Levy of Penalty on HUF	481
35. Offences by Hindu Undivided Families [Section 278C]	491
36. Rates of Income-tax Applicable in Case of HUF	496
37. Frequently Asked Questions on Hindu Undivided Family (HUF)	503
38. Landmark Judgements on Hindu Undivided Family	517

Part : B

Association of Persons (AOP)

39. Formation of Association of Persons (AOP)	529
40. Determination of Residential Status of Association of Persons (AOP)	549
41. Filing of Return of Income by Association of Persons (AOP)	559
42. Computation of Taxable Income of Association of Persons (AOP)	561
43. Method of Computation of Member’s Share in Income of Association of Persons (AOP) [Section 67A]	580
44. Taxation of Members of Association of Persons in the Income of Association of Persons (AOP) [Section 86]	592
45. Rebate, if any in the Hands of the Members of Association of Persons (AOP) [Section 110]	606
46. Amendment of Order of Assessment in Case of Completed Assessment [Section 155(2)]	609
47. Charge of tax where shares of members in Association of Persons (AOP) Unknown, etc. [Section 167B]	610
48. Assessment of Association of Persons or Body of Individuals or Artificial Juridical Person formed for a Particular event or Purpose [Section 174A]	631
49. Assessment in case of Dissolution of Association of Persons (AOP) [Section 177]	634
50. Rates of Tax for Association of Persons (AOPs)	642

Part : C

Body of Individuals (BOI)

51. Introduction - Body of Individuals (BOI)	655
52. Residential Status of Body of Individuals (BOI)	660
53. Filing of Return of Income by Body of Individuals (BOI)	677
54. Computation of Income of Body of Individuals (BOI)	681
55. Computation of Taxable Income of Members of a Body of Individuals [Section 67A]	687
56. Taxation of Members of Body of Individuals in the Income of Body of Individuals (BOI) [Section 86]	692
57. Taxation of Members of Body of Individuals in the Income of Body of Individuals (BOI) [Section 110]	695
58. Amendment of Order of Assessment in Case of Completed Assessment [Section 155(2)]	698
59. Charge of Tax Where Shares of Members in Body of Individuals (BOI) Unknown etc. [Section 167B]	699
60. Assessment of Body of Individuals formed for a Particular Event or Purpose [Section 174A]	719
61. Tax Rate for Body of Individuals (BOls)	722
62. Taxation of Joint Venture	728
63. Specimen of Various Useful Format	742

About the Author

Ram Dutt Sharma

Ram Dutt Sharma was born on 27th June, 1958 in Narnaul, Haryana. He got his post-graduation from M.D. University, Rohtak in 1980. He joined the Income-tax Department in the year 1983 and retired as Income Tax Officer on 30.06.2018. He worked at various stations of North-West Region of Income-tax Department. He has wide experience of all wings of Income-tax Department such as Assessment Unit, Special Range, TDS Wing, Investigation Wing, etc. He has been Contributing articles and addressing on topics relating to Income Tax at NADT Regional Campus, Chandigarh & Bhopal. He has also addressed number of seminars organized by the Income-tax Department, Chartered Accountants, Advocates and various Trade Associations.

He is recipient of first-ever Finance Minister's Award 2017, the Income Tax Departments highest honour for sustained devotion, commitment to duty & promoting excellence in the field of Direct Taxation at National Level. The Hon'ble Union Finance Minister, Shri ArunJaitley conferred this Finance Ministers Award for Excellence for his meritorious services at VigyanBhawan, New Delhi on 24.07.2017.

Awarded by Hon'ble Member (Revenue& TPS), CBT, Special Secretary to the Government of India Certificate of Appreciation for his contribution recognized and included in the chapter Miscellaneous Orders in Let Us Share A compilation of Best Practices & Orders Vol. VIII released on 31stOctober, 2016.

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