exemption for capital assets rcvd from partition of huf
This query is : Resolved
21 September 2010
if a capital asset is obtained in yhe partition of HUF, now is their any time limit for which that asset must not be sold .
& also, is the time perod of holding that asset of HUF is also included while calculating whether it is a short term or long term asset ?
& also, is the time perod of holding that asset of HUF is also included while calculating whether it is a short term or long term asset ?
23 September 2010
nothing requires the asset received on partition to be sold... It can be held for lifetime.
& yes holding period of HUF is to be included in determining ST/LT
& yes holding period of HUF is to be included in determining ST/LT
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- GST ON EXPORT COMMISSION
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
