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Huf

(Querist) 02 May 2013 This query is : Resolved 
I HAVE A HOUSE IN MY NAME WHICH HAS RENTAL INCOME INCLUDED IN MY IT FILE.ON THIS HOUSE I HAVE ALSO TAKEN A LOAN FROM LICI.I AM ALSO A KARTA OF MY HUF FAMILY CONSISTING MY WIFE & TWO MINOR CHILDEREN AS CO PARCENER.
NOW I WANT TO TR.MY HOUSE TO HUF SO THAT ITS RENTAL INCOME MAY INCLUDE IN HUF INCOME.IAM IN 30% RANGE OF IT AS INDIVISUAL
WHAT I SHOUL DO TO TR.THIS PROPERTY FROM IDIVISUAL TO HUF.
Report Abuse
Raj Kumar Makkad (Expert) 02 May 2013
You need to gift it to HUF by way of a registered gift deed.
R.K Nanda (Expert) 03 May 2013
execute gift deed.

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