Conversion of ancestrol property into huf property ?

Dear all,

I got  1/2 share in ancestrol property through  registered relinquishment deed ( i.e all other legal heirs relinquished their share in our favour, me and my uncle) , now I want to convert my share of property into HUF ( My HUF  ,i will be karta in that HUF) property ,so that  " income under the head house property is taxed  in hands of HUF . Is it possible if yes then what is the procedure

 

Thanks in Advance!

 

Replies (1)

IF ANCESTRAL OR OTHER PROPERTY IS TRANSFERED TO HUF,THE INCOME FROM SUCH HOUSE PROPERTY IS CLUBBED IN HANDS OF TRANSFEROR.IF HUF PARTITION TAKES PLACE,THEN THE SHARE OF HIS SPOUSE AND MINORSON INCLUDED IN HIS INCOME

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
Featured ARTICLESHIP 06 October 2026
Semi Qualified

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
08 October 2026
SALES TELECALLER

HIRE NOVA

Lucknow

Graduate (Any)

View Details