After reading on this website I find my self to have been a victim of incompetent tax advise. Here is my case I want someone to help clear the muddle: My Father died in 1973. My Grandfather died in 1986. Grandfather left his property to me. I sold it and bought another property regd in my name. I was advised by our tax consultant my HUF Can be formed when my son is born. After a long gap of time between purchase of property I created an HUF on the day son was born and have my wife, son and daughter as coparceners. I want the property to be reflected as HUF property. I have the will by which the property I sold came to me. The death certificate of the gentlemen mentioned above. An HUF PAN, Bank Ac. but what I read from the blog there is paperwork missing. The will bequeathed the property to me not to my HUF. Nor was it an HUF Property of which my grandfather or myself were a part, if he was I am unaware the will does not say so. Can someone help me?
CAclubindia
