PROCEDURE IN CASE DEATH OF WIDOW OF THE ONLY ONE MALE COPARSENER

In our case of HUF there were one male member and his wife. Now in this previous year the wife is expeired and therefore the only sole surviving coparceners as a single male is remained. In this case the query is whether the balance sheet containing the properties of huf is necessarily to be added in the individual balance sheet of the male coparceners was doing business in his individual capacity and declaring individual income in his return of income. The huf since never having taxable income not file its return of income up to today. therefore in case we merge the properties and liabilities of the huf in the balance sheet of individual to disclose the properties of huf as received share of coparcener of the huf.

Replies (1)

1. The HUF remains silent till the male marries again and forms family.

2. Otherwise, dissolve the HUF and disburse the property to remaining members, here only single member.

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