Huf complete partition.
Rohit
(Querist) 13 November 2015
This query is : Resolved
I would like to know process of complete partition of a HUF.
All I know is :-
1. make an agreement among members of HUF regarding partition and share of partition as decided by karta.
2. Trnasfer deeds of respective movable and immovable properties in respective names.
I want to what about the cash in HUF. Should it be transferred cash or through banking channels.
Also, What should be intimated to Assessing officer regarding full partition of HUF.
when should the PAN number be surrendered. There are no Assessement proceedings pending.
suggestions will be very much helpful.
Also, Is there any book for practical approach to HUFs.
Regards.
R.K Nanda
(Expert) 15 November 2015
consult tax lawyer.
Rajendra K Goyal
(Expert) 16 November 2015
Consult local tax consultant and show him related documents / discuss.