F. A.Q. on Indian Income Tax Laws!: Is One Male Member Enough For HUF? 
Whether a person with wife and two daughters only can have HUF? njakhotia@......com Whether only one male member is suffice to form an HUF is now legally well settled as per decision of Supreme Court in case of Gowli Buddana vs CIT (1966) 60 ITR 293 ...
ugh-for-huf.html
F. A.Q. on Indian Income Tax Laws!: Junior Member Can Become Karta Of HUF!
My father is the Karta of the HUF which has been in operation for a few decades. He is 83 years old. In view of his old age, can he transfer the Karta ship to me? I am 31 years old, married with a child. What is the procedure for the same? Should thi...
e-karta-of-huf.html
F. A.Q. on Indian Income Tax Laws!: Is Distribution Of Capital Assets by HUF to Its Memebers Taxable?
If a house-property belonging to an HUF is divided (in 4 portion) and then transferred to Karta and his 3 sons, what will be the tax impact of this transaction in the hands of HUF and each of the co-parcener?viki1102@......comThe house property is a ...
tal-assets-by.html
F. A.Q. on Indian Income Tax Laws!: Is Gift by HUF to Its Member Tax Free?
Can a HUF give gift of over 25,000 by cheque to one of its coparcners without attracting any gift tax liablity? Will the income generated from this gift attract clubbin
ember-tax-free.html
Gift from Relative of members of HUF should also be tax free!
A relative of Karta of HUF gives gift of Rs. 4,00,000 to HUF. Whether the above gift is exempt or taxable u/s 56(2)(vi). Can HUF have relation with relative of Karta of HUF. If taxable, can HUF avail benefit of sec 80C and basic exemption limit for p...
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