Dear all,
I want 38 yers old married & have one daughter.My father Expired in 1998 & till now we have not created any HUF. Now my family consists of ME, MY MOTHER, MY WIFE & MY DAUGHTER.
we don't have any ancestral property or any property in my father's Name.
I want to know how can i Create HUF.From whom can i receive cash/cheque gifts for the same.
Please reply A.S.A.P.
As per section 64(2) a gift by a member of a Hindu Undivided Family after 31-12-1969 would attract Clubbing of Income in the hands of the member and as such the income from the converted property shall be deemed to arise to the individual & not to the family.
Read more: https://www.indiantaxupdates.com/2013/02/09/hindu-undivided-family-a-comprehensive-study/
Kindly, verify the following link for to check whether Income Tax Return Acknowledgement (ITR-V) is genuine or fabricated?
https://taxclick.org/type/income-tax/how-to-check-whether-income-tax-return-acknowledgement--itr-v--is-genuine-or-fabricated-
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