Answers On Topic: HUF
  Criminal Cases on HUF Kartha
If there are criminial cases going on a HUF Kartha's business, what will happen to those criminal cases, if the Kartha dies. Example, a Kartha established a business by illegally collecting money from public. A case is running in the court and  the case is going on. If the Kartha, dies can the business escape from the law and need not pay back the money?


► Read Answer

  HUF partition benificery status
We are in the verge of partitioning our properties jointly owned under HUF. The Act says, that HUF partition will attract 0.35% Stamp Duty on the highest value of property under partition in HUF. This point is well accepted and agreed by the Registrar. However, Income Tax act says the Joint property when partitioned, will retain its status as HUF property, if received by a male member in the HUF. Hence, in HUF partition, male coparcener beneficiary of the property will be the coparcener HUF and not the coparcener individual. There are several High court and Supreme court judgements for the same. Same of them are: [CIT v.…


► Read Answer

  The assessee HUF consist of husband H, wife W, Daughter D, and minor son S. It is assessed to I.T. Act. The husband A expire in a road accident on 10.04.2023
Query: (i)    Whether HUF will continue? (ii)   Who will be karta of HUF as the male member is minor? (iii)  Can the partition be made by the karta?


► Read Answer

  HUF status after all coparceners expire and only Karta remains alive
In case of an HUF of 3 persons with one as Karta and the other two as co-parceners, what happens to the HUF when the two co-parceners expire? Can the HUF continue? What is the tax treatment in such a case?


► Read Answer

  FEMALE HUF KARTA
Can wife become karta in HUF in presence of her husband?


► Read Answer

  HUF, Redevelopment
Hello Sir, HUF possesses a flat in a co.op.hsg.society of total 21 flat owners. With the consent of 20 owners, society is going for a redeployment. KARTA of HUF has neither signed Irrevocable Consent Letter nor the M.O.U. Shockingly, without the consent of KARTA of HUF, the society had given the possession of the premises to the redeveloper and it had demolished all the flats. What actions should be taken by KARTA and on whom? Please urge you to treat it as most urgent and guide me? Thanks & Regards, Deepak


► Read Answer

  56[2] vs partial partition HUF
giving of gifts by huf to relatives amounts to partial partition ? does it need order u/s 171 ?


► Read Answer

  50C and 45(5A)
  In case of assessee, who is HUF and owner of land has executed the specified agreement with the developers for development of land in the FY 2019-20. on the obtaining of the completion certificate of the project it is noticed that  Stamp duty value of developed structure is  higher than fair market value. In this situation whether there is any  impact of section 50C also.  pl guide


► Read Answer

  Registration of Partition deed of HUF.
Is it necessary to register Partition Deed of HUF if it does not own any immovable property?


► Read Answer

  Registration of HUF dissolution deed
Kolkata based HUF having one land in Delhi. One person gets it with Mutual consent and HUF is dissolved. Now can we register this deed in Kolkata and on basis of this will the sub registrar in Delhi accept the land ownership transfer since old karta can't travel. If we need any court order do we approach Delhi or Kolkata court.


► Read Answer