HUF Partition Taxability
This query is : Resolved
Tilak Agrawal
(Querist)
13 May 2011
Sir/Madam
Bigger HUF say A having Karta A has three Members ( Sons ) Say B, C, and D. and Each of the members have there own HUF.
Mr. B has four Sons say 1, 2, 3 and 4.
Bigger HUF A has a business which has a great brand value in the market. Because of this partition of Big HUF have not taken place and the members of this HUF have decided to have there own area for the use of the brand and they pay a fix sum to the Bigger HUF.
Mr. B Died and four son 1,2,3 and 4 Decided to Partition the HUF of B.
Whether this a Partial or Total Partition of HUF??
Bigger HUF say A having Karta A has three Members ( Sons ) Say B, C, and D. and Each of the members have there own HUF.
Mr. B has four Sons say 1, 2, 3 and 4.
Bigger HUF A has a business which has a great brand value in the market. Because of this partition of Big HUF have not taken place and the members of this HUF have decided to have there own area for the use of the brand and they pay a fix sum to the Bigger HUF.
Mr. B Died and four son 1,2,3 and 4 Decided to Partition the HUF of B.
Whether this a Partial or Total Partition of HUF??
CA MANOJ GUPTA
(Expert)
13 May 2011
THE PARTTION IS TOTAL ONLY IF IT THE PROPERTY IS FULLY DIVIDED AMONG THGE COPARCENERS
IF B HUF IS PARTITIONED BY DIVIDING TH EPROPRTY OF HUF FULLY THEN THERE WILL BE NO PROBLEM
U HAVE TO NOTIFY THE FACT TO AO CONCERNED ALSO
CA MANOJ GUPTA
JODHPUR
09828510543
IF B HUF IS PARTITIONED BY DIVIDING TH EPROPRTY OF HUF FULLY THEN THERE WILL BE NO PROBLEM
U HAVE TO NOTIFY THE FACT TO AO CONCERNED ALSO
CA MANOJ GUPTA
JODHPUR
09828510543
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