FIFT TO HUF - SEC 64 & SEC 54 RELATED

Jag Mohan (Retired Senior Citizen) (62 Points)

24 February 2025  

If A transfers to family HUF and then HUF sells it, I am aware that the capital gains would be charged to A in view of the clubbing provision u/s 64. However if the HUF reinvests the Long Term capital gains u/s 54 then the capital gaains for HUF would be Nil. Hence nothing will be addded to the return of A. Is my assessment correct?