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KARTA AUTHORITY IN HUF
Family members can reject sale of joint HUF land and treat it as void if Karta sells it solely for personal benefit; Key legal rules you must knowIn a Supreme Court ruling from earlier this year, the sale of joint ancestral property was deemed invalid if it only benefited one family m...- Can NRIs gift money to an HUF and save tax? Check these income clubbing and tax rules before transferring fundsNRIs have the opportunity to gift money to their Hindu Undivided Family (HUF) without incurring immediate tax obligations. However, it's im...
- Stock market investors: Can family members operate their demat accounts using a single mobile number? Here’s what SEBI saysStock market investors: In a recent circular, SEBI mandated that a stock broker upload the same mobile number or email address for more tha...
- Private Trusts Vs HUFs: Which suits your needs to pass on assets to legal heirs?Will, gift deed, private trusts are some of the most commonly used methods that an individual can use to pass on the assets to his/her fami...
- How to set up an HUFAs the word Hindu in HUF implies, it is connected with one being a Hindu. Only a Hindu can have an HUF. For this purpose, in addition to a ...
- Inheritance rights of women in own, husband's ancestral property, coparcenary propertyA widow's share in the joint family property of the deceased husband is only up to the share that would have come to him out of that family...
- The most tax-efficient investment strategies for an Indian HNITo save taxes and plan investments, HNIs can create HUFs, form LLPs or family trusts.
- Hello Dear HNI, here’s how to reduce your tax liabilityHowever, the Indian Income Tax Act also, provides several avenues to taxpayers to reduce their tax liabilities in a legitimate manner. Some...
- GST returns not filed? The taxman can freeze your bank accountThe CBIC, in a three-page SOP issued on Tuesday has decided to go strong against "defaulters".
- Non-individual entities with high value transactions must apply for PAN by May 31CBDT in its notification dated November 19, 2018, specified the deadline by which non-individual are mandatorily required to apply for PAN ...
- How Benami law changes impact both old and new property buyersBenami Property can be in any form, i.e., immoveable, movable. Intangible, tangible, corporeal, incorporeal, property in converted form and...
- New PAN card rules that came into effect from December 5Since PAN is an important ID proof to conduct even the most basic of financial transactions, it is important that you are aware of these ch...
- Non-individuals conducting transaction over Rs 2.5 lakh must apply for PAN by May 31 of next FYBudget 2018 amended Sec 139A of the I-T Act making it mandatory for non-individuals who did not have PAN but conducted transactions of Rs 2...
- How to get PAN card details correctedIf you are looking to correct your PAN details, it can be done online as well as offline. Here's your primer on how to go about it.
- Goods and Services Tax identification numberGST is a single tax levied on goods and services throughout the value chain from producer/manufacturer to end customer.
- How to surrender additional PAN card and what are the consequencesAs per Section 272B of the Income Tax Act, the income tax officer can levy a penalty of Rs 10,000 on you for having more than one PAN card.
- Seven ways to earn tax-free incomeHere are the strategies you can employ to reduce your tax liability by making the most of opportunities offered by tax laws.
- Q&A: Your tax queries answeredThe name which appears on the PAN card could be different from the name which is stored in the tax department’s database against your PAN c...
- Filing tax returns in odd situationsTravelling, indisposed? Here are few tips for you to file your income tax return when faced with unusual circumstances.
- How to use HUF for as a tax planning toolThe Hindu Undivided Family structure is a great tax planning tool that can divide your tax liability and multiply the benefits. Find out ho...
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