HUF Partition Taxability
This query is : Resolved
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??
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
