HUF Partition

the distribution will be mande as per the hindu act and as the amendment is there.... from 9-9-05 the daughter has legal right in this HUF

as per my knowledge the KARTA has to make effidavit and close all bank accounts in the name of HUF

make aggreement for distribition of assets / sale of assets

apply for the cancellation of PAN no

Proceedure for sale the business or close down the business

Karta has to make a dissolution / distribution of HUF deed. It has to be signed by all co-parceners. Any co-parcener can assign / relinguish his /her right in the property of HUF.

Karta has to then file last return of HUF alongwith copy of above deed