Shivang Chokshi (C A ) (182 Points)
21 January 2014HELLO ALL..
IF JAINS ARE GIVEN MINORITY STATUS AND BENEFITS LIKE CHRISTIANS, PARSIS, MUSLIMS ETC.. THEN DOES THAT MEAN THEY ARE DIFFERENT FROM HINDU STATUS..
WHAT ABOUT THEIR EXISTING HUF(HINDU UNDIVIDED FAMILY) STATUS ?
WILL ALL THE HUF PAN BECOME NULL AND VOID FOR JAINS ?
CAN A JAIN APPLY FOR HUF IN FUTURE FOR TAX PLANNINS PURPOSE ???
siva thunder
(article student)
(253 Points)
Replied 21 January 2014
Even through HUF means hindu undivided family, it doesnot mean it only applies to hindus,it is for giving a special assesment status for the purpouse of assesment of income of joint family
Shivang Chokshi
(C A )
(182 Points)
Replied 21 January 2014
my point is that now if they tick in a different section like other minority caste then they will not be hindus anymore..
minority means other than majority.. which means other than hindus.. this makes them void for being a hindu undivided family...
jt family are in all castes but parsis, christians or muslims will not get an huf status... similarly this should be with jain caste... also they get their benefits of being minoirty not being majority then how can they reap benefits of both majority and minority..
this is creating a contrast in between govt grants and income tax act..
siva thunder
(article student)
(253 Points)
Replied 21 January 2014
Shivang Chokshi
(C A )
(182 Points)
Replied 21 January 2014
TRY APPLYING FOR HUF FOR A CHRISTIAN !!!!
Kapil Taparia
(Job)
(49 Points)
Replied 24 January 2014
Hello Shivang -
the same question in my mind...if you get some answer, Pl let me know !
Shivang Chokshi
(C A )
(182 Points)
Replied 24 January 2014
CA Ankit Adhyaru
(Partner - Yusuf Ankit & Co.)
(201 Points)
Replied 11 February 2014
CAclubindia
