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HUF Deposite  


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hi i have 25lakh rupees deposite in one of my firm on name of my grandfather huf. now my mygrand father is no more . and we want to transfer that deposite to individual . how can we do it? can huf gift to his memebers? is there any tax liability for transfer please explain eith example

 
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After your Grand Fathers death, the eldest male member of the family becomes the Karta. You can partition the HUF and share it amongst the members of the family. 

 
  
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