Sale of residential property belonging to huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2013
what will be tax consequences if a residential property belonging to HUF is sold & whose karta is died ?
will the members liable to pay any tax. if yes then suggest tax planning.
will the members liable to pay any tax. if yes then suggest tax planning.
30 July 2013
a new karta needs to be appointed and if new residential property is purchased or the whole capital gain is inverted in bonds mentioned under sec 54EC like REC or NHAI bonds upto 50 lacs within 6 months of transfer of old residential house then u can get exemption.
The above investments should be in name of HUF.
The above investments should be in name of HUF.
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
- TWO FIRM NAME IN ONE GST NUMBER
- ITR -1 Filing
- Section 54 f disallowed will be taxed at what rate
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- Form 16 Issues
- Trust 10AB form required for old asst. years?
- TDS whether applicable or not in case of Flat purchase
- SEA GOING ALLOWANCE
- Eway issued more than one
- Section 12A(1)AC
- Interest will be paid
- CHANGE IN PARTICULARS OF DIRECTOR
- How to rectify gstr1 credit note
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Fees amount transfer procedure for two doctors
- Notice u/s 148 of IT Act
- Gst1A within time, will the customer get corrected ITC set off?
Trending Online Classes
CAclubindia
