Dear professional colleagues.
I need a help on my query below relating to HUF partition.
This is to inform that we have recently partitioned our Family HUF by mutual agreement by all members. There was only Bank account held by HUF, the amount of which we have distributed among the family members and the Bank account is closed.
Now our query is -
1. There is a TDS refund due for the F.Y: 2020-21. Now since the bank account is closed , can we get the refund in the name of Karta.
2. We want to surrender the PAN of the HUF. So shall we have to wait till the online assessment order is received by CPC Bangalore or will have to file manual IT return with the concerned ITO relating to our jurisdiction.
3. Surrender process of PAN.
We request you to kindly help in solving our above queries. Looking forward to hear from you soon.
Best Regards
Uttam Chhajer
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