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Question ID : 180

COMPLETE PARTITION OF HUF

An Assessee HUF made a partition deed respect of immovable properties owned by the HUF only and distributed among the members. Thi was duly registered with the registar of properties also by payg appropriate stamp duty. HUF was havg bank bances, bonds and some fdrs also, which were not mentioned this deed so registered. To have the complete partition of the HUF is it open for the HUF to have a separate deed on the same date to show partion of the other assets or the alternative to prepare a partion deed statg there that this is a complete partion deed of HUF and for the purpose of transfer of immoval properties a separate deed has been prepared which forms part of this partion deed. Does two separate deed of the same date satisfy the mandatory requirement of complete partion of HUF.

If not then any other options. Please advise. Thanks '

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Posted by Dinesh Agarwal on Sep 07, 2005
Filed Under DIRECT TAXES

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