Partition of huf property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 February 2017
B.F.Chordia have no son and having four daughters have formed HUF out of funds received from his fathers HUF . This HUF is having 2 immovable properties, Jewellery, Receivables and cash and bank balances can all The assets can be divided disproportionately between Karta and four daughters if other members have no objection.
CA. Nirmal Ghorawat
(Expert)
26 March 2021
My post Partition of HUF : https://www.canirmalg.com/2017/04/22/partition-of-a-hindu-undivided-family/
Partition Deed may be prepared for Immoveable Property which usually attracts a lower rate of duty vis a vis Deed of Conveyance. Further Single Largest Share is excluded while computing Stamp Duty. Stamp Duty rates vary State / UT wise.
Partition Deed may be prepared for Immoveable Property which usually attracts a lower rate of duty vis a vis Deed of Conveyance. Further Single Largest Share is excluded while computing Stamp Duty. Stamp Duty rates vary State / UT wise.
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