HUF

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2011 Sir/Mam,
If an individual converts into HUF and receives house property income in that year, then in whose hand will the income be taxable in that year?

U S Sharma

U S Sharma (Expert)
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26 June 2011 individual can not be convered into HUF,
HUF is seperate identity, and it would be taxable seperately, other than individual

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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27 June 2011 Yes individual can throw his individual property in the common hotchpotch of HUF but the tax is to be paid by him. Find out the alternative.

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