HOW DISTRIBUTE HUF AMOUNT AS INCOME TAX LAW INDIA ?

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MY SELF SUDIP RAJA. I AM A FINANCIAL ADVISOR. I HAVE A INVESTOR WHO HAS HIS OWN CAPITAL & ALSO HUF. HUF AMT. IS APPROX RS. 7 LAKHS. MY INVESTOR HAS A PROPRIETOR SHIP FIRM. MY INVESTOR HAVE A THREE SON. MY INVESTOR WANT TO DISTRIBUTE HIS AMOUNT AMONG HIS THREE SON. BUT PROBLEM IS THAT HIS THREE SON HAVE NOT A CHILD ( SON ). ONLY FIRST ELDER SON HAS ONLY TWO DAUGHTERS. OTHERS TWO HAVE NOT CHILD TILL DATE. SO AS PER INCOME TAX LAW MY INVESTOR WANT TO DISTRIBUTE HIS HUF AMOUNT AMONG HIS THREE SON IS IT POSSIBLE ?

 

SUDIP RAJA

FINANCIAL ADVISOR

91-9427721997

Replies (2)

Hello,

He can transfer the amount among 3 sons easily. There  is no problem dividing among the sons eventhough they have son or daughter......

As per IT and HUF there are some differences but they are not considered in this case as the karta has 3 sons.

In future if there is any problem there are methods to solve all this. So no problem...

As of now they can transfer....

I agree with Mr. Shiwang.


CCI Pro

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