https://www.taxtmi.com/forum/issue?id=5247 Property that is HUF property remains attributable to the HUF for tax purposes on transfer; consequently, capital gains arising from its sale are taxable in the hands of the HUF and the capital gains exemption for reinvestment in residential property can be availed only by the HUF, not by the individual seller or his sons, unless a valid partition has effectively changed the asset's character. en-us Tue, 29 Jan 2013 03:51:07 +0530 Thu, 23 Jan 2025 15:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5247 Property that is HUF property remains attributable to the HUF for tax purposes on transfer; consequently, capital gains arising from its sale are taxable in the hands of the HUF and the capital gains exemption for reinvestment in residential property can be availed only by the HUF, not by the individual seller or his sons, unless a valid partition has effectively changed the asset's character. Discussion-Forum Income Tax Tue, 29 Jan 2013 03:51:07 +0530 https://www.taxtmi.com/forum/issue?id=5247