Assessment of tax

Querist : Anonymous (Querist) 12 November 2009 This query is : Resolved
Does HUF disrupt post amendment to Hindu Succession Act, 2005 upon death of karta leaving behind his spouse and married daughters for Taxation purpose, the karta being an assessed under the status of HUF .

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Vineet (Expert) 13 November 2009
As post 2005 Amendment, the daughters have been given coparcenary rights in HUF, the HUF does not disrupt in this case.

The Elder daughter can partake the role of Karta and HUF will continued to be assessed in the same capacity.

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