Transfer of Asset

murali krishna (audit assistant) (28 Points)

13 July 2010  

I am having to statuses one is Individual and another is huf.  I have one site at HUF status.  This site is purchased on 2005-2006 Financial Year.  It is possible to transfer the site of Huf stattus to Individual status.  It is correct process or not. 

It is correct.  What the procedure i am following to transfer the asset Huf to Individual.  I filed my IT returns.  I face any problem to do the above transaction from IT department.