Huf
This query is : Resolved
05 August 2014
Mr. A got ancestral property i.e. agriculture land before his marriage from his father Mr. X.
Now after marriage of Mr. A, can Mr. A treat income of that agriculture income as income of M/s A HUF ?
Now after marriage of Mr. A, can Mr. A treat income of that agriculture income as income of M/s A HUF ?
CA UMESH DULAL
(Expert)
05 August 2014
1st of all, Mr. A has to transfer the property to HUF.
05 August 2014
Thanx Umesh Sir ...but still some confusion...
is it compulsory to transfer property from Mr. A to M/s A HUF?
As Mr. A got ancestral property..can Child of Mr. A get claim right of his share in that property?
is it compulsory to transfer property from Mr. A to M/s A HUF?
As Mr. A got ancestral property..can Child of Mr. A get claim right of his share in that property?
CA UMESH DULAL
(Expert)
05 August 2014
HUF is created by the act of party. So Mr. A has to transfer the property to HUF to become property of HUF.
If HUF is formed, then his child can get his share in that property.
If HUF is formed, then his child can get his share in that property.
05 August 2014
again thnk u..
If property have to transfer then what is procedure for that? and how many stamp duty paid for it?
If property have to transfer then what is procedure for that? and how many stamp duty paid for it?
CA UMESH DULAL
(Expert)
05 August 2014
depend on state where the property lies as stamp duty is state subject
CA UMESH DULAL
(Expert)
05 August 2014
as it is agriculture land, no Income Tax. As gift tax is abolished, no gift tax. you have to pay stamp duty only.
Message likes :
1 times
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
- EPF ECR NEW FILE SEP 17TH 2026
- TDS on Fixed Assets purchased
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- Oct 2025 Invoices
- Non filing of I T Returns
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- TAX AUDIT ON PROFESSIONAL INCOME
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- Under marginal scheme
- Capitalgain tax purposes for valuation report compulsory
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
