Huf
This query is : Resolved
14 November 2015
SIR, TWO BROTHER EXECUTED PARTITION DEED.
EACH GET ONE IMMOVABLE PROPERTY.
WHETHER EACH ONE RECEIVED IMMOVABLE PROPERTY IS HUF OR INDIVIDUAL .
PLEASE ANSWER
EACH GET ONE IMMOVABLE PROPERTY.
WHETHER EACH ONE RECEIVED IMMOVABLE PROPERTY IS HUF OR INDIVIDUAL .
PLEASE ANSWER
15 November 2015
Ancestral property if partitioned among two married brothers, property hold by both received in partition will be hold by them in HUF status, if they are married.
Till married it will be individual property for assessment.
Till married it will be individual property for assessment.
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