Results for #HUF
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Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
A married daugther can seek partition of the HUF as the distinction for rights granted to married daughters has since been abolished from the year 2006.
Legal
#huf#commercial#taxes#transfer#property
I recently formed an HUF with my wife and 2 children. I have a commercial office, out of which I get a healthy income and I also pay the taxes on that income. But now as I have formed an HUF I cannot create any funds above 50,000 per annum. I want to transfer this property with the rights of being a karta of my HUF, how can I go about this?
I recently formed an HUF with my wife and 2 children. I have a commercial office, out of which I get a healthy income and I also pay the taxes on that income. But now as I have formed an HUF I cannot create any funds above 50,000 per annum. I want to transfer this property with the rights of being a karta of my HUF, how can I go about this?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You can transfer the property from your name to the name of the HUF by executing a transfer deed to that effect.
Legal
#huf#will#rules#nominee#property
According to HUF rules there can be nominee to my property and investments. Under my HUF, I own a property and multiple investments in the form of FDRs and others etc. I want to bequeath these investments to my nephew, how can I go about with this?
According to HUF rules there can be nominee to my property and investments. Under my HUF, I own a property and multiple investments in the form of FDRs and others etc. I want to bequeath these investments to my nephew, how can I go about with this?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
If your nephew forms part of the HUF, then you could devolve your share in the investments of the HUF unto and in favour of your nephew by way of a testamentary disposition i.e. Will.
Legal
#property#huf#procedure
Is it possible for a coparcener to blend his self-acquired property along with the one attained in HUF? If so, what is the procedure for the same?
Is it possible for a coparcener to blend his self-acquired property along with the one attained in HUF? If so, what is the procedure for the same?
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