08 October 2011
if One person demise and left some assets as well as liability like Flat, Bank Laon and other Investments. This property will become Property of his HUF or his wife????
What about the money received in respect of death claim received for LIC Policy, this will belong to his wife or his HUF???
09 October 2011
The wife is already in 30% tax slab so, is there is any "tax planning" so that all property will transferred to HUF and resultant income will be taxable in the hands of HUF so it can enjoy 160000+100000 limit.
CAclubindia
