Huf

dinesh kumar (Querist) 02 May 2013 This query is : Resolved
I HAVE A HOUSE IN MY NAME WHICH HAS RENTAL INCOME INCLUDED IN MY IT FILE.ON THIS HOUSE I HAVE ALSO TAKEN A LOAN FROM LICI.I AM ALSO A KARTA OF MY HUF FAMILY CONSISTING MY WIFE & TWO MINOR CHILDEREN AS CO PARCENER.
NOW I WANT TO TR.MY HOUSE TO HUF SO THAT ITS RENTAL INCOME MAY INCLUDE IN HUF INCOME.IAM IN 30% RANGE OF IT AS INDIVISUAL
WHAT I SHOUL DO TO TR.THIS PROPERTY FROM IDIVISUAL TO HUF.

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