Dear Sir, An huf was formed in the name of my father and grand father. Both of them have expired and as i am the only son now i am the karta of the huf left by my father and grand father. I had a querry regarding the pan card and pan number which was originally allotted to Huf in the name of my father and grand father. But as know both of them are no more and i have to file the incometax returns can you guide me weather i have to apply for a new pan card or send the same pan card to IT dept for change of name. What will be the process for the same. I am the karta of Huf know and i have my mother, my wife my son and daughter. I do have a married sister as well. will there be any share in property rental income of my sister. Please guide. Regards........
Menu
HUF - SUCESSION AFTER DEATH AND IT RETURN FILLING
Replies (1)
HUF will continue untill the last male co-pancer is alive.
in your grandfather case, your dad was last male co-pancer, so his HUF would get dissolve and the succession would go in name of your father( individual) with other members of grandfather HUF, then yourself in individual capacity.
regarding your had's HUF, you can continue the HUF of father till your lifetime.
you can intimate the situation to tax department, no change in PAN needed.
Recent Threads
- Hostel accommodation taxability
- Capital gains calculation on sale of property
- IMS data not showing
- Please explain about tax calculation in fy 2025-26
- HSN Summary in builder case
- HOW TO DEAL WITH TRAVEL AGENT- HOW THEY RAISE THE
- E Way and E invoice required while movement of Exp
- ESI Applicability As per new wage Code
- Hottest NRI revenues and taxes on it in india
- LTCG on Sale of land bought on 23.07.14 and sold o
Related Threads
CAclubindia
