Partition of HUF
This query is : Resolved
12 March 2021
Dear Sir / Madam,
This is to inform that we have recently partitioned our Family HUF by mutual agreement by all members.
There was only Bank account held by HUF, the amount of which we have distributed among the family members and the Bank account is closed. Now our query is -
1. There is a TDS refund due for the F.Y: 2020-21. Now since the bank account is closed , can we get
the refund in the name of Karta.
2. We want to surrender the PAN of the HUF. So shall we have to wait till the online assessment order
is received by CPC Bangalore or will have to file manual IT return with the concerned ITO relating
to our jurisdiction.
3. Surrender process of PAN.
We request you to kindly help in solving our above queries.
Looking forward to hear from you soon.
Best Regards
Uttam Chhajer
This is to inform that we have recently partitioned our Family HUF by mutual agreement by all members.
There was only Bank account held by HUF, the amount of which we have distributed among the family members and the Bank account is closed. Now our query is -
1. There is a TDS refund due for the F.Y: 2020-21. Now since the bank account is closed , can we get
the refund in the name of Karta.
2. We want to surrender the PAN of the HUF. So shall we have to wait till the online assessment order
is received by CPC Bangalore or will have to file manual IT return with the concerned ITO relating
to our jurisdiction.
3. Surrender process of PAN.
We request you to kindly help in solving our above queries.
Looking forward to hear from you soon.
Best Regards
Uttam Chhajer
Dhirajlal Rambhia
(Expert)
24 September 2021
1. No.
2. Yes.
3. Make an application to Jurisdictional ITO with dissolution deed, for authentication of the partition of HUF, along with cancellation of PAN.
2. Yes.
3. Make an application to Jurisdictional ITO with dissolution deed, for authentication of the partition of HUF, along with cancellation of PAN.
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