Share of Profit HUF

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....hare of Profit HUF<br> Query (Issue) Started By: - RK B Dated:- 14-2-2018 Last Reply Date:- 7-8-2018 Income Tax<br>Got 1 Reply<br>Income Tax<br>Greetings Can a HUF who is having shares as investment....

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....s for more than 5 years, book LTCG on a part(50%) of it and distribute the proceeds (PROFIT) as gift OR share of porfit among the Karta & Coparcerners.. If yes, 1.What will the tax implication of th....

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....e same. (wrt gift tax) 2. Will Sec 10(2) be applicible or not ? 3. What ratio should the distribution take place or it can be left to the Karta&#39;s discretion ? Reply By DR.MARIAPPAN GOVINDARAJAN....

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....: The Reply: You may better approach to an expert in income tax for clearing your all doubts.<br> Discussion Forum - Knowledge Sharing ....