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kunal sachdeva (Querist)
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20 June 2011 WHAT IS THE TAXABILITY OF TRANSFER OF ANCESTRAL PROPERTY BY FATHER HUF TO SON;S HUF AND UNDER WHAT PROVISIONS

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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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20 June 2011 I do not know the exact provisions of Hindu Law, but I can say that it is specifically excluded from the definition of transfer by clause(i) of Section 47.

When any distribution of capital asset on the total or partial partition of a HUF is
not regarded as a transfer, question of
tax application under the head capital gains does not arise.