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Share of Profit HUF, Income Tax |
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Share of Profit HUF |
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Greetings Can a HUF who is having shares as investments for more than 5 years, book LTCG on a part(50%) of it and distribute the proceeds (PROFIT) as gift OR share of porfit among the Karta & Coparcerners.. If yes, 1.What will the tax implication of the same. (wrt gift tax) 2. Will Sec 10(2) be applicible or not ? 3. What ratio should the distribution take place or it can be left to the Karta's discretion ? Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
You may better approach to an expert in income tax for clearing your all doubts. Page: 1 Old Query - New Comments are closed. |
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