Transfer of assets in case of ceasation of huf

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Querist : Anonymous (Querist)
05 January 2013 what will be the tax liability of a member of HUF who gets the capital assets and/or proceeds after selling the capital assets which he/she gets after dissolution of HUF after death of karta..

please cast relevant sections also.

regards

Manish Kr Jaiswal

05 January 2013 10 (2) of income tax act can be invoked in this. The estate is not taxable in the hands of HUF members.


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