HUF PROPERTY

CAN PERANTAL PROPERTY REC'D FROM THE PARENTS BE A HUF PROPERTY OR INDIVIDUAL PROPERTY UNDER THE INCOME TAX
Replies (1)

If its earned by parent/s, and not ancestral, it is individual property, unless specifically gifted to Son's HUF.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register