Huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 February 2014
Mr. A IS KARTA OF HUF.
AND HE DIED IN AUG 2013. HE WAS HAVING 2 SONS AND 2 MARRIED DAUGHTER AND ONE WIFE.
HIS TWO SONS ALREADY HAVING OWN HUF.
NOW MY QUESTION IS THAT Rs 15 LAC CAPITAL IN HUF.
NOW IN WHICH MANNER I CAN DIVIDE IT
AND HE DIED IN AUG 2013. HE WAS HAVING 2 SONS AND 2 MARRIED DAUGHTER AND ONE WIFE.
HIS TWO SONS ALREADY HAVING OWN HUF.
NOW MY QUESTION IS THAT Rs 15 LAC CAPITAL IN HUF.
NOW IN WHICH MANNER I CAN DIVIDE IT
26 February 2014
Hi,
All son & daughters (whetehr married or not) are co-parcener in fathers HUF & are entitle for equal rights on division of HUF.
Thx
All son & daughters (whetehr married or not) are co-parcener in fathers HUF & are entitle for equal rights on division of HUF.
Thx
28 February 2014
Technically the eldest son becomes the Karta of the deceased father's HUF. Hence the eldest son will be the Karta of TWO HUFs.
If the assets of the deceased father's HUF are to be distributed you would need to disolve and / or partition the HUF and divide the assets accordingly.
If the assets of the deceased father's HUF are to be distributed you would need to disolve and / or partition the HUF and divide the assets accordingly.
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?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Payment of bonus act - notice pay recovery
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
