Inheritence
This query is : Resolved
09 December 2011
upon death of karta, is the HUF dissolved or does the eldest son takesover as new karta?
Is name of the HUF required to be amended?
Is it required to apply for new pan?
If the family want to dissolve it, how can they proceed?
can an existing HUF gift its property/funds to any of its member or any outsider? what will be the tax implications in such case?
Is name of the HUF required to be amended?
Is it required to apply for new pan?
If the family want to dissolve it, how can they proceed?
can an existing HUF gift its property/funds to any of its member or any outsider? what will be the tax implications in such case?
10 December 2011
Point wise reply as under:
1.eldest son will be the next Karta
2,no need to amend HUF name.
3.No new Pan requited.
4.No dissolution. You can make full partition and make assessment by passing order from assessing authority u/s 171, You can study section 171 to get much more.
1.eldest son will be the next Karta
2,no need to amend HUF name.
3.No new Pan requited.
4.No dissolution. You can make full partition and make assessment by passing order from assessing authority u/s 171, You can study section 171 to get much more.
Message likes :
1 times
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
- GST Regis.
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- HSN Details in IFF/GSTR-1 & in GSTR 9
- 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
Trending Online Classes
CAclubindia
