HUF partition
pushpendra (Director- FinMAT Consultants) (1703 Points)
04 March 2008
Can any one tell me the formalities for HUF partition under Income Tax Act.
2 Replies
CA. Nirmal Ghorawat
(Owner)
(633 Points)
Replied 20 August 2021
Yes, a Total Partition by metes and bounds, is necessary for it to be recognised under the Income Tax Act, 1961.
A claim of partial partition, either as to assets or to coparceners or members is not recogbised under section 171 of the Income Tax Act, 1961.
You may also vist : https://www.canirmalg.com/2017/04/22/partition-of-a-hindu-undivided-family/
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