Legal Question in Tax Law in India

after demise of my father,myself & my mother ,as the only legal heirs jointly succeeded to the ownership of a plot(purchased by father with the help of ancestral property).I'm the only adult unmarried male of our family.Can I create HUF A/c with myself as Karta & transfer the proceeds of sale of above property to it? Pls reply.


Asked on 3/26/11, 8:50 am

1 Answer from Attorneys

Sanjay Kalra Sanjay Kalra & Associates

No

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Answered on 5/16/11, 4:15 am


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