Author Topic: HUF  (Read 5508 times)

Manish

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HUF
« on: July 27, 2011, 07:08:36 PM »
Can a couple (without child) form an HUF?
i mean - Is the existnence of a child or boy child mendatory for an HUF coming into being?
If it is so :
What may be the complications if somebody has gifted Land and Building to the HUF of his son who is married but having no child?
Please Suggest
Thanks
« Last Edit: July 27, 2011, 07:27:29 PM by Manish »

camanojgupta

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Re: HUF
« Reply #1 on: August 03, 2011, 09:28:56 AM »
AS SOON AS ONE GETS MARRIED HUF IS CREATED
NO NEED TO HAVE A CHILD

CA MANOJ GUPTA
JODHPUR
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Advocate Anumita

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Re: HUF
« Reply #2 on: August 03, 2011, 11:11:58 AM »
I agree with manoj ji.

@manish.. for your reference you may go through the following judjments:-

1) CIT vs. Arun Kumar Jhunjhunwala & sons 138 CTR Gau 63
2) Ram Laxman Sugar Mills vs. CIT 66 ITR 613 (SC)
3) Raj Kumar Singh Hukum Chandji vs. CIT 78 ITR 33 (SC)

Anumita Sarkar
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Income Tax Advisory & Litigation
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