HUF
This query is : Resolved
22 February 2009
Respected sir,
I have two sons and two daughters. All have got married. I have gifted a sum separately to my both sons through gift deed and they have formed their own HUF. Now I also want to create my own HUF by accepting gift from my old aged mother. Is it possible?
Beside this my question is that my both sons have their own independent HUF then will they be a part of my HUF and they are married.
If it is possible for you then please reply on subhneelmishra@yahoo.co.in
Thanks with regards
(Subhash Mishra)
I have two sons and two daughters. All have got married. I have gifted a sum separately to my both sons through gift deed and they have formed their own HUF. Now I also want to create my own HUF by accepting gift from my old aged mother. Is it possible?
Beside this my question is that my both sons have their own independent HUF then will they be a part of my HUF and they are married.
If it is possible for you then please reply on subhneelmishra@yahoo.co.in
Thanks with regards
(Subhash Mishra)
22 February 2009
Yes you can create a HUF by receiving gift from your mother. But you have to make a gift deed contianing the clauses that the benefit should go to you, your sons and if nececssary to your grand sons.
Your sons can become a member of your huf. As per It paralance your's will be called as Bigger HUF and your sons huf will be called as smaller huf.
Your sons can become a member of your huf. As per It paralance your's will be called as Bigger HUF and your sons huf will be called as smaller huf.
23 February 2009
Respected sir,
Thanks a lot for reply. In my query I have written my e-mail address then I think I got a link for my problem. Now please tell me that on the site how it will come to my notice that my problem is solved or not and how I have to find the answer. Please guide the path.
Thanks a lot for reply. In my query I have written my e-mail address then I think I got a link for my problem. Now please tell me that on the site how it will come to my notice that my problem is solved or not and how I have to find the answer. Please guide the path.
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
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Regarding TDS Applicability For Director Remuneration
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Multiple trade mark
- Copyright software
- LC charges in relation to Asset purchased should be Capitalised ?
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
