Ancestral property
This query is : Resolved
09 February 2013
Hi,
Can anybody share his views on whether the share in the ancestral property received by the Individual belongs to the Individual or the HUF?
For example, if a B is legal heir of B and if on the death of B, A received the land.
Now, whether the Land is to be shown as A's individual property or it is to be thrown in the common pool of A's HUF.
Kindly share your views in detail.
Thanks
Can anybody share his views on whether the share in the ancestral property received by the Individual belongs to the Individual or the HUF?
For example, if a B is legal heir of B and if on the death of B, A received the land.
Now, whether the Land is to be shown as A's individual property or it is to be thrown in the common pool of A's HUF.
Kindly share your views in detail.
Thanks
10 February 2013
At First there is problem in eg you took.
Lets suppose you want to say that A is legal heir of B as he received the land
if A receives the land he, will be the owner of the land and not HUF, however he can transfer the land to his HUf, which will remain the property of HUF even in case of Death of A, and will continue to be a property of HUF upto the date of Partition.
Lets suppose you want to say that A is legal heir of B as he received the land
if A receives the land he, will be the owner of the land and not HUF, however he can transfer the land to his HUf, which will remain the property of HUF even in case of Death of A, and will continue to be a property of HUF upto the date of Partition.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Section 194JA & JB Income which ITR Form to use
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- Not able to file ITR
- Presumptive income under Income tax act 2025
- Rental income of jointly held property
- Regarding ITR filing with more value than showing in AIS/TIS
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
