is it correct to show land in huf books and construction on such land in karta individual books , both karta and huf are income tax assesses
is it correct to show land in huf books and construction on such land in karta individual books , both karta and huf are income tax assesses
request you to check the "registration deed" , BLRO receipts and other tax related documents which belong to your HUF property, as there is no mention of any "HUF" specifically,
HUF is an identity specified to save the tax on family income of joint nature ( severe income is taxed direct in individual file) , balance all treatments of records goes in names of karta or members only.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
