HOW DISTRIBUTE HUF AMOUNT AS INCOME TAX LAW INDIA ?

SUDIP RAJA (M.D.) (42 Points)

19 March 2010  

MY SELF SUDIP RAJA. I AM A FINANCIAL ADVISOR. I HAVE A INVESTOR WHO HAS HIS OWN CAPITAL & ALSO HUF. HUF AMT. IS APPROX RS. 7 LAKHS. MY INVESTOR HAS A PROPRIETOR SHIP FIRM. MY INVESTOR HAVE A THREE SON. MY INVESTOR WANT TO DISTRIBUTE HIS AMOUNT AMONG HIS THREE SON. BUT PROBLEM IS THAT HIS THREE SON HAVE NOT A CHILD ( SON ). ONLY FIRST ELDER SON HAS ONLY TWO DAUGHTERS. OTHERS TWO HAVE NOT CHILD TILL DATE. SO AS PER INCOME TAX LAW MY INVESTOR WANT TO DISTRIBUTE HIS HUF AMOUNT AMONG HIS THREE SON IS IT POSSIBLE ?

 

SUDIP RAJA

FINANCIAL ADVISOR

91-9427721997