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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Assessment of capital gain for HUF - purchase of family property ...


Hindu Undivided Family not liable for capital gains tax on property registered under minor children of Karta.

February 8, 2019

Case Laws     Income Tax     AT

Assessment of capital gain for HUF - purchase of family property - whether the property belongs to Hindu Undivided Family even though the document was registered in the names of minor children of Karta - Property belongs to the HUF and the assessee cannot be liable to tax on LTCG

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