huf

Tax queries 433 views 2 replies

one huf xyz consists of father x , his unmarried sons y and z, huf consisits of two agricultural lands in the name of  two sons respectively and one house property in the name of father, xyz members want to partition, is x has any right to claim partition on agricultural land which is in the name of y, similarly for y also, how house property is partitioned among xyz.

Replies (2)
Originally posted by : chaitanya
one huf xyz consists of father x , his unmarried sons y and z, huf consisits of two agricultural lands in the name of  two sons respectively and one house property in the name of father, xyz members want to partition, is x has any right to claim partition on agricultural land which is in the name of y, similarly for y also, how house property is partitioned among xyz.


HUF properties / assets do not contain the personal / individual properties/ assets, if the said properties have been taken out of HUF funds then even once registerted in name of any individual member it would be property of the individual revoking his proportionate share from HUF, Son's claim could in properties in names and possession of parents, not in HUF, in HUF they can claim only their proportionate share, 

agree with sharma ji...


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