Akash 12 October 2017
G.L.N. Prasad (Retired employee.) 13 October 2017
Cintact Advocate give a relinquishment deed for that property, stating that as a reward/gift of the father for dedicated hardwork in promoting HUF, and contact Chartered Accountant about the tax implications.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 13 October 2017
The relevance of concept of coparcenary is that only coparceners can ask for partition from HUF.
GANDHI MOHAN BHARATI (Pensioner) 13 October 2017
There can be Total or even partial partition. There are certain problems with partial partition in Income Tax. A CA can explain it to you. There can be a gift to the Karta. An advocatecan guide you totally.
Even oral partitionis valid. Howevever it is better to reduce to writing a memorandum of the oral partition.
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