Share of Profit HUF

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..... Share of Profit HUF
Query (Issue) Started By: - RK B Dated:- 14-2-2018 Last Reply Date:- 7-8-2018 Income Tax
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Income Tax
Greetings Can a HUF who is having shares as investmen .....

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..... ts 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 t .....

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..... he 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 ? Reply By DR.MARIAPPAN GOVINDARAJA .....

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..... N: The Reply: You may better approach to an expert in income tax for clearing your all doubts.
Discussion Forum - Knowledge Sharing .....

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