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of <h1>Assessment of Hindu Undivided Family Post-Partition Under Section 20 of the Wealth Tax Act, 1957 Explained</h1> Section 20 of the Wealth Tax Act, 1957, addresses the assessment of a Hindu undivided family (HUF) after partition. If the Assessing Officer is informed of a partition and confirms that the joint family property has been fully divided among members, an order is recorded, and the assessment is made on the net wealth of the undivided family for relevant years. Each member is jointly and severally liable for the tax. If the officer is not satisfied with the partition, the family is deemed to continue as an HUF for assessment purposes.
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