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Regarding HUF

Tax queries 822 views 8 replies

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 ;)

Replies (8)

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

 

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

go ahead.........

agreed with Mr manoj

thank you guys ;)

Originally posted by : PANKAJ KHURANA

agreed with Mr manoj

Agree with Mr. Manoj.

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


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