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Income Tax - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Properties acquired by the HUF - Creation of smaller HUF - ...

Income Tax

March 4, 2020

Properties acquired by the HUF - Creation of smaller HUF - Deemed partition / Notional partition - death of a Mitakshara Coparcener - absence of partition u/s 171 of the Income Tax Act - section 6 of Hindu Succession Act - the assessee HUF, at best, is taxable only in respect of ½ of the properties acquired by the HUF headed by Shodhan Sr. - AT

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