HUF Related Capital Gain

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..... Dear Netizens , The query is regarding the claim of exemption under section 54 . in in the case of the HUF. An ancestral house is sold by a person on his name situated in a Village. The sale .....

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..... proceeds is received through an account payee cheque in the name of his two sons. Can the person who sold the House claims that it is a partition of HUF but no PAN no is allotted to the person in .....

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..... capacity f karta. Is any capital gain provisions attract to said persons or his sons.???? - Reply By Rama Krishana - The Reply = HUF property would remain taxable in the hands of HUF on trans .....

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..... fer. Exemption u/s 54 can be availed by the HUF only. - HUF Related Capital Gain - Query Started By: - M Saran Dated:- 29-1-2013 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledg .....

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..... e Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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