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Issues related to huf reg taxability

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This query is : Resolved

Yogesh Kumar (Querist)
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26 October 2014 whether can agriculture land received from nana or mother or any relative other than father be taken under receiver of huf or not ?

what will be impact of this land as well as its income for taxation purposes in hands of receiver huf under the I T Act And Wealth Tax Act ?

whether can ancestral agriculture land be come under smaller huf after full partition of bigger huf without executing any formal deed or any thing or not ? if any formality required then what is it ?

can we file I T R of huf in the year in which marriage takes place ?

can we use the gifts received from other than member of bigger huf as capital of smaller huf ?

Amol S Joglekar

Amol S Joglekar (Expert)
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10 November 2014 after FULL partition of HUF, the smaller HUF can continue. No separate deed per se is required. The partition deed itself is sufficient evidence.

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