Huf

134 views 1 replies
User Avatar

Jalna
298 Points Joined July 2015
Hello dear experts A Proprietor filing individual income tax return from last couple of years with agriculture income but now they want make a separate huf account and transfer all agriculture land in the huf account. Can do that like this or not?
0 Reply Share Follow
On 04 July 2018 at 00:25 Report
Replies (1)
User Avatar

SEO Sai Gr. Hosp.
210662 Points Joined July 2016

In any case the income is tax exempt.

If the land is ancestoral or inherited by the family, it can be done with ease.

Otherwise the a gift deed should be conveyed in favour of  the family.

Reply
On 04 July 2018 at 08:22


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading