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KARTA PURCHASED PROPERTIES
Karta’s property not treated as HUF asset if he can prove it was acquired from personal income without use of ancestral assetsThe Supreme Court of India has clarified property division rules for Hindu Undivided Families. A Karta's property is considered self-acquir...- HUF land dispute reaches Supreme Court: One brother gets 5/16th share, other retains self-acquired propertiesThe Supreme Court has settled a family land dispute between two brothers, awarding one a 5/16th share in ancestral HUF properties. The cour...
- Wife, son can’t object to sale of 1.7 hectare land inherited by husband as it is not a joint family property, rules Bombay High CourtThe Bombay High Court ruled that land inherited by a son from his father after 1956 is his self-acquired property, not ancestral. This gran...
- Father sold family land for daughter’s marriage; first son alleged father was alcoholic and filed a case but lost in Supreme Court due to this reasonThe Supreme Court addressed the sale of HUF land by its Karta, Sharanappa, challenged by his first son. The court overturned the High Court...
- Hindu-Muslim marriage: Can woman still claim right to her parent's self-acquired property?There is no legal concept of disowning a child, but parents can deprive a child of his share in their self-acquired property through a will.
- 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 ...
- Tax Queries: How to continue with HUF PAN after death of the KartaEvery week, an expert selected by ET answers queries from our readers on income tax.
- Q&A: TaxationVaibhav Sankla, Executive director, Adroit answered ET reader queries on taxation.
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