A HUF is partitioned and the assets of the HUF were divided among coparceners. One of the coparceners sold his share of asset. In whose hands the gain from the sale of asset is liable to tax?
GIRIDHAR (Proprietor) (21 Points)
25 February 2019A HUF is partitioned and the assets of the HUF were divided among coparceners. One of the coparceners sold his share of asset. In whose hands the gain from the sale of asset is liable to tax?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160721 Points)
Replied 26 February 2019
Whether HUF completely partitioned? Any deed registered? Mutation of property recorded? ITO informed about the change in constitution?
CAclubindia
