Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
Discussions Forum
Home Forum Income Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Share of Profit HUF, Income Tax

Issue Id: - 113408
Dated: 14-2-2018
By:- RK B
Share of Profit HUF

  • Contents

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

1 Dated: 7-8-2018
By:- DR.MARIAPPAN GOVINDARAJAN

You may better approach to an expert in income tax for clearing your all doubts.


1

Old Query - New Comments are closed.

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Blog || Site Map - Recent || Site Map || ||