After partition of huf...karta has given the share to 2 co parcener...the share amount is of Rs. 60000 each where it will be taxable...under the karta or the co parcerners..?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(169790 Points)
Replied 26 July 2018
Any amount received during partition of HUF is capital receipt.
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
CAclubindia
