Tax planning
This query is : Resolved
28 July 2012
My Father has taxable income from salary.
He also earn income from renting of property.
The property is on the name of My Father.
Is it possible to create a HUF??
How it can be created??
i.e. On whose name it can be created??
My grandparents are no more..
Can My father transfer that asset to HUF..??
Then wats the tax effect..
He also earn income from renting of property.
The property is on the name of My Father.
Is it possible to create a HUF??
How it can be created??
i.e. On whose name it can be created??
My grandparents are no more..
Can My father transfer that asset to HUF..??
Then wats the tax effect..
28 July 2012
your father can create huf by apply for pan number in the name of huf.
on the basis of pan no. you can filled itr in the name of huf.
on the basis of pan no. you can filled itr in the name of huf.
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