Apni Law Staff asked 11 months ago
My father passed away without leaving a will. My mother and I inherited our ancestral home and land. My mother generously gave me her share through a registered deed, and my uncles did the same with their portions. Now, my name is on the property documents. I have a Hindu Undivided Family (HUF). Can I claim this property as HUF property for income tax purposes? What legal steps are necessary to add it to the HUF?
Best Answer
Apni Law Staff answered 11 months ago
You cannot claim the property as HUF property for income tax purposes. As the property was inherited and subsequently transferred to you through registered deeds, it is considered your individual property and not HUF property. There are no legal steps to add it to the HUF, as it is not eligible for inclusion.
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