Huf
This query is : Resolved
24 June 2017
can a child become member in grandfather huf and also in father huf?
can grandfather huf pay ppf and tuition fee of grandson for the purpose of 80c?
can grandfather huf pay ppf and tuition fee of grandson for the purpose of 80c?
24 June 2017
if grand father's HUF is divided. then grand son can NOT become member of larger HUF. He can be the member of Father's HUF
27 June 2017
sir, what do u mean by the term divided
27 June 2017
HUF....Hindu Undivided Family
The family is undivided and hence taxed as separate legal entity under income tax.....
Although as per Hindu law, partial partition is allowed, as per income tax act partial partition is not recognised.
Once the HUF where grandfather is Karta gets divided (partitioned) totally, grandson goes into father's HUF.
The family is undivided and hence taxed as separate legal entity under income tax.....
Although as per Hindu law, partial partition is allowed, as per income tax act partial partition is not recognised.
Once the HUF where grandfather is Karta gets divided (partitioned) totally, grandson goes into father's HUF.
27 June 2017
grandfather huf is not divided but father has separate huf. now whether the grandson is member in both hufs?
27 June 2017
please reply sir if grandson is member in grandfather huf also..whether his fees and ppf payments can b made from that huf
27 June 2017
As per income tax,partial partition is not allowed.....since your query is for 80C....the grandfather HUF can NOT have grandson as member if father is having separate HUF....
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