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What is the procedure of HUF partition


ashok gupta   15 November 2019

ashok gupta

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what is the procedure of HUF partition

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Kapadia Pravin   15 November 2019

Kapadia Pravin

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Procedure is very simple. Distribute the corpus amongst members as per each one's entitlement. That's all. Advised to do this by banking channel.

ashok gupta   15 November 2019

ashok gupta

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Through partition deed or through I T DEPARTMENT

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Kapadia Pravin   15 November 2019

Kapadia Pravin

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There is a difference between a partition under Hindu Law and a partition recognised under the Income-tax Act.

For. recognition of partition under tax laws, division of properties by metes and bounds is necessary.

Again in view of provisions under section171(9) of Income-tax Act, partial partition will not be recognised for tax purposes.

Required to prepare and execute partition deed.


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