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Closure of huf account

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 October 2012 I am having a HUF account in my name. I have one son and two daughter who are legal heirs. Now i want to close my HUF account and want to transfer my all properties in HUF account to my son. So what is the procedure to do it.
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
24 October 2012 Make a Transfer Deed/Gift Deed. as Whatever Case be.
Cloe all Bank Accounts & Related Formalities.

Transfer Will not attract Capital gain If You Follow rules in Sec 45 Provided.
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Querist : Anonymous

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Querist : Anonymous (Querist)
26 October 2012 so as per view there is no litigation in directly transfer of assets to son name.
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