THE FILE CONTAINS ALL INFORMATION ABOUT HUF. ITS FORMATION, ITS STATUS IN EVERY AREA OF LAW.!!!!!!!!
(source: share files.)
Ritasha
(chartered accountant)
(356 Points)
Replied 14 February 2010
If a person A is 45 years old and hving 2 sons ,but is not having ancestral property.How he can start HUF business.as funds will be invested by him personally and which will attract SEc 64(2) of Income Tax Act
S. Gupta-Junak
(Chartered Accountant)
(30 Points)
Replied 15 February 2010
Ritasha,
The corpus of an HUF consists of ancestral property. "A" can not transfer his individual income and form a HUF in which he is a member.
CA ROHIT KUMAR SAMAR
(Chartered Accountant)
(194 Points)
Replied 13 June 2011
| Originally posted by : Ritasha | ||
 |
If a person A is 45 years old and hving 2 sons ,but is not having ancestral property.How he can start HUF business.as funds will be invested by him personally and which will attract SEc 64(2) of Income Tax Act |
 |
you can make a will by creating HUF
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