Succession of legal hairs
This query is : Open
08 October 2011
if One person demise and left some assets as well as liability like Flat, Bank Laon and other Investments. This property will become Property of his HUF or his wife????
What about the money received in respect of death claim received for LIC Policy, this will belong to his wife or his HUF???
What about the money received in respect of death claim received for LIC Policy, this will belong to his wife or his HUF???
09 October 2011
ALL PROPERTY WILL BECOME INDIVIDUAL PROPERTY OF WIFE IN THE GIVEN SET OF FACTS
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
Message likes :
1 times
09 October 2011
The wife is already in 30% tax slab so, is there is any "tax planning" so that all property will transferred to HUF and resultant income will be taxable in the hands of HUF so it can enjoy 160000+100000 limit.
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
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- 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
- TDS on purchase of value vouchers for employees ?
- 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?
Trending Online Classes
CAclubindia
