HUF INCOME TAX RETURN

Save Share

This query is : Open

Quick Summary

This discussion addresses the correct procedure for filing an HUF income tax return after the karta's (father's) death. The consensus is that the HUF can continue under the same name and PAN, with the eldest surviving male member typically becoming the new karta. It's suggested that if you haven't established your own HUF, continuing with the existing one is a valid practice.

Amit Garg

Amit Garg (Querist)
Follow

26 May 2020 My father was filing return as Individual as well as for HUF (Diwan Chand & Sons HUF). After his death, I closed my father's individual return but continue to file HUF return in same name/PAN no i.e. Diwan Chand & Sons HUF
Is it right practice? or I should open my own HUF. I am married. My mother is also there.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
Follow

27 May 2020 From my view you can continue the same as after the death of father/karta the childrens automatically get succession of the same.

C.A. Mayur J. Raiyani

C.A. Mayur J. Raiyani (Expert)
Follow

29 May 2020 On your father's death, eldest member of HUF automatically becomes Karta of HUF. So, if you have not created your personal HUF then you can continue to file ITR as Diwan Chand & Sons HUF.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!