28 March 2016
If male member of huf or karta transfer his property to huf?and if he transfer whether income derived from this property taxable to him or huf?What will be tax consequences if he gifts his pproperty to HUF?
28 March 2016
Once property transferred to HUF ,than the income derived becomes taxable in the hands of HUF, once property gift to HUF than member cannot take back the property, even he cannot create will on HUF Property.
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