TaxTMI 
TaxTMI 
HUF Related
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....UF Related<br> Query (Issue) Started By: - M Saran Dated:- 27-1-2013 Last Reply Date:- 21-3-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>Is it possible that an Huf sells a ancestral house and the r....
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....eceive the amount in the names of HUF members in their Bank accounts..... Is the Cap Gain taxable in the hands of member????? Do we assume it as partion of HUF or not???? Warm Regards M Saran Re....
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....ply By Rama Krishana: The Reply: As long as no partition of HUF took place, the sale proceeds of house which belong to HUF is taxable in the hands of HUF only. Mere receipt of amount in the account h....
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....eld in the name of any member of HUF would not change its taxability.<br> Discussion Forum - Knowledge Sharing ....