HUF PARTITION

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This discussion explains the process for informing the Income Tax Officer (ITO) about a complete Hindu Undivided Family (HUF) partition and subsequently closing the HUF. It details the need to file a manual application with full partition details and the partition deed to the Assessing Officer (AO) for recognition. The AO will then pass an order. The query also covers whether the application should be online or manual, and the procedure for surrendering the HUF's PAN card.

Shipping

Shipping (Querist)
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06 August 2020 Dear Sir,

My query is regarding the HUF complete partition.

After Partition how to inform the ITO regarding the partition and closure of HUF.

PARAS CHHAJED

PARAS CHHAJED

(Expert)
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07 August 2020 File an application giving full details of complete partition of the HUF, also file the partition deed and request the AO to recognize the partition. The AO after giving an opportunity shall pass and order recognizing the partition.

Shipping

Shipping (Querist)
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08 August 2020 Dear Sir,

Thanks for your reply.
My query is whether the application has to be filed online on the IT portal or manual application has to be submitted at ITO office

Also the PAN card has to be surrendered & the procedure for pan card surrender

PARAS CHHAJED

PARAS CHHAJED

(Expert)
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08 August 2020 To be applied manually to the Assessing Officer for recognition of Complete Partition of HUF and also for surrendering the PAN.

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