Regarding HUF

Tax queries 757 views 8 replies
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Learning
690 Points Joined January 2009

I have a question.

 

A karta can sign on 2 HUFs?

1st of his own's HUF and 2nd of his father's HUF (after death of father).

possible? or not?

thank you ;)

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On 18 August 2010 at 19:18 Report
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Tax Professional and in Service
1795 Points Joined June 2009

THERE IS NO LIMIT AS SUCH UNDER INCOME TAX ACT ABOUT THE MAXIMUM NO. OF HUF IN WHICH A PERSON SHOULD HOLD AS A KARTA AND NO RESTRICTION ON NO. OF RETURN SIGNED BY ONE PERSON AS A KARTA.

 

THUS, IT IS ALLOWABLE.

 

REGARDS,

 

MANOJ

 

2 Reply
On 18 August 2010 at 19:30
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Learner
1100 Points Joined February 2009

AGREED WITH MR MANOJ

 

 

AND IF U HAD HEARD THE NAME OF MR AJAY JAIN, TAX TEACHER IN DELHI

 

HE IS HAVING 16 HUFS

AND SAVING 160000*16

GREAT MIND PERSON HE IS

1 Reply
On 18 August 2010 at 19:47
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C.A. B.Com (H) Graduate
2151 Points Joined August 2008

go ahead.........

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On 18 August 2010 at 20:28
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PARTNER
447 Points Joined August 2010

agreed with Mr manoj

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On 19 August 2010 at 12:08
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Learning
690 Points Joined January 2009

thank you guys ;)

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On 19 August 2010 at 12:08
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Tax Assistant (Accounting Technician CA
8311 Points Joined April 2008
Originally posted by : PANKAJ KHURANA

agreed with Mr manoj
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On 19 August 2010 at 12:24
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ACA B.Com(Hons.)
80 Points Joined October 2008

Agree with Mr. Manoj.

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On 19 August 2010 at 15:26
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C.A. F!N@L Group-1 Clear...
278 Points Joined February 2010

how it can be possible????????please explain me?>.........

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On 19 August 2010 at 15:35


CCI Pro

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