Huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 March 2015
DEAR EXPERTS
IN CASE OF HUF , IF HUF PARTITIONED (DISOLVE)
AND ALL SHARE OF PROPERTY ARE TAKEN OVER BY PARENTS ONLY AND NOT SHARING WITH CHILDREN WHAT WOULD BE TAX AND OTHER IMPLICATIONS
PLS ADVICE
THANKS IN ADVANCE.
IN CASE OF HUF , IF HUF PARTITIONED (DISOLVE)
AND ALL SHARE OF PROPERTY ARE TAKEN OVER BY PARENTS ONLY AND NOT SHARING WITH CHILDREN WHAT WOULD BE TAX AND OTHER IMPLICATIONS
PLS ADVICE
THANKS IN ADVANCE.
23 March 2015
on partition there is no tax but when the properties are sold by parents then they will have to face capital gain
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