Creation of huf

This query is : Resolved

A.Dhilipkumar (Querist)
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11 September 2012 Sir,
One of our client inherited a property from his parents and receiving a rental income from that property.My query is
* shall we create a HUF status of that client and file a return of income by creating a HUF of his family.or
*He has to include that income in his individual status if he file his return in individual status .
I want to clarify on the above details, kindly make suggestion on the points.

with regards
dhilipkumar a.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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13 September 2012 If you create a HUF and the client transfers the said property to the HUF, the rental income shall be taxable in the hands of the assessee only by virtue of the clubbing provisions.

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