enginner
52 Points
Joined May 2017
Thanks for response ,
Herewith i simplified my question :
I read your articles, and I have the following questions regarding your support and I want to know more about HUF
Father has an income as follows,
1. Rental Income 2,40,000 /-
2. Short-term Capital Gain ( Share Trading ) 10,00,000/-
3. Long-term Capital Gain ( Share Trading & Real Estate ) 20,00,000/-
4. Agricultural Income 5,00,000/-
5. FDs Income ( As per 26AS for FY 2024-25 ) 22,00,000/-
6. Pensions 7,20,000/-
Now, my questions are :
1. What is the tax liabilities on the above?
2. Which ITR has to be filed?
3. How to avoid STCG and LTCG by showing Business income, as we have already recruited an employee, driver, peons and have an office set up.
4. How to bifurcate his personal income and family income through HUF
5. If he starts the HUF without the nomination of my brother, sister, my wife & kids, as they don't want to participate in this HUF due to a misunderstanding. Later,if they wish to join,how will we accommodate in HUF?
6. Cost of starting the HUF in Ahmedabad.
7. What to close to put to avoid forced partion by any members specifically ( Wife of kids ) .