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 ;)
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 18 August 2010
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
Dheeraj
(Learner)
(1100 Points)
Replied 18 August 2010
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
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 19 August 2010
| Originally posted by : PANKAJ KHURANA | ||
 |
agreed with Mr manoj |
 |
GAURAV JAIN
(C.A. F!N@L Group-1 Clear...)
(278 Points)
Replied 19 August 2010
how it can be possible????????please explain me?>.........
CAclubindia
