section 6

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hi i just wanna know tht while determining ROR,,RNOR status of HUF who is to be considered KARTA or MANAGER .some books say KARTA and some say MANAGER. pl. suggest any case where KARTA and MANAGER are different.
Replies (4)
Residence Status in HUF is considered by the numbers of residing in India by the karta. IF karta Reside in India for more then 182 days in India then he is resident of India.
The main question arises that whether he is ordinary or non ordinary resident. For this purpose you have fullfill the additional contion of resident.
in my opinion, the karta or the manager shall mean the one who manages the HUF, i.e, if karta is the manager then Sec 6 applies to him and if karta is different from the manager (i.e, when ownership and management differs, then the residential status of the manager should be considered for determining the residential status of HUF. (it is question of management, not ownership)    
hi friends

A Hindu undivided family is said to be resident in India in any previous year in every case where during that year the CONTROL AND MANAGEMENT OF ITS AFFAIRS ย is situated wholly or partly in India......

as the kartha or the manager is the one who controls the affairs of the HUF, his residential status is to be taken into consideration. so the main thing here is the CONTROL AND MANAGEMENT of affairs of the HUF.....

regards
rajeh itty eapen

Dear All,

 

Pls tell me whether Dividend from Co-operative bank is exempted U/s 10(34)?Please reply me ASAP.

Regards

Bhavik Mehta


CCI Pro

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