Huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2012
DEAR SIR,
MY CLIENT & HIS WIFE BOTH HAVE PROPERITERSHIP FIRM. NOW MY CLIENT WANT TO CREATE HUF.
MY QUETION IS CAN BOTH CONTINUE PROPERITERSHIP ALONGWITH HUF? AND WHAT ABOUT IT RETURN & THEIR ICOME SEPERATE OR CLUB?
MY CLIENT & HIS WIFE BOTH HAVE PROPERITERSHIP FIRM. NOW MY CLIENT WANT TO CREATE HUF.
MY QUETION IS CAN BOTH CONTINUE PROPERITERSHIP ALONGWITH HUF? AND WHAT ABOUT IT RETURN & THEIR ICOME SEPERATE OR CLUB?
24 February 2012
Yes they may create a HUF alongside continuing their Prop. Firm.
The IT Returns will be separate.
1 each for both the Husband and Wife and one for the HUF.
The IT Returns will be separate.
1 each for both the Husband and Wife and one for the HUF.
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