HUF Partition

I am a Karta of HUF after the death of my father. Now this HUF is constitued with me as Karta and my mother as member. We now want to partiition of the HUF with the following assets

Bank Fds worth Rs. 11 Lacs and a plot of land worth Rs. 9 lacs.

Can we partition it like that my mother keeps the Bank Fds. worth Rs. 11  lacs and me being keep the Plot of Land worth Rs. 9 Lacs?

Do we need to divide equally or I can give Bank Fds to my mother which are  worth more than plot of land which I will get as partition?

Is there any Income tax liability involved as my mother with get Bank Fds. or Rs. 11 Lacs and I get the plot of land worth Rs. 9 Lacs?

Thanks in advance