Huf creation

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 June 2012 PROPERTY HELD BY SON AND FATHER IN INDIVIDUAL CAPACITY THEY WANT CREAT HUF BY TRANSFERING THE ABOVE PROPERTY.
MY QUERY IS THAT IS ITS POSIBBLE AND WHAT IS TAX IMPLICATION ON SUCH TRANSFER

09 June 2012 you can create huf even without transfer of property , there is no tax



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