Hindu Undivided Family: Individual Entitled to Share Income from Jointly Owned Land Holdings at Birth.
X X X X Extracts X X X X
X X X X Extracts X X X X
....Creation of HUF - The moment a person is born into a family, HUF is created and if the land holdings were in the joint names of the family members, the assessee also being part of the HUF, would have a right in the income there from. - AT....
TaxTMI