Neil Gore (other) (33 Points)
19 July 2016This particular HUF has only 2 people in it - husband and wife. Now they are divorced. What happens to the HUF status now. Can karta continue to use the HUF and file IT returns? It will be a single memeber HUF. OR the HUF will have to be closed?
Note - the divorced wife does not want any share as all the financial matters are already mutually resolved.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 19 July 2016
HUF remains dormant, till you remarry. If divorced this year, File its (previous year) ITR.
Neil Gore
(other)
(33 Points)
Replied 21 July 2016
Thanks for the reply.
- While the HUF remains dormant, can the HUF earn interest on existing amount - and consequently file IT returns and pay IT if any?
Thanks again.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 23 July 2016
During these years, any income of the Dormant HUF is assessed in the hands of the Karta
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