cpc

new taxtaion file

Service Engineer

Hello

Few Enquiries ,

1 ) Had filed returns till AY 2006-2007 , Have not Filed any returns since then - for couple of yrs there was No income to show as we suffered losses in share market  / Marriage of my sister so we are busy in all those stuff ......wanted to know .... what happens next as the files were under HUF .she is a member - HUF was my father he recently died . i dont know how to handle these files - I am learning but want more help .

 

2) All details which were in my fathers name {HUF }- Will all the Assets / Liabilities will come under my mothers name ?? what is HUF how is it usefull ?? 

 

 

3) My Grandmother had some shares in Her name - she expired 10 yrs ago - Income Tax file was closed in 2002-2003  - Now we have Converted those shares in demat - All shares can it be transferred to my Mother as she is daughter in law - or can it be transferred to me as i am grand son -  will it have any Tax implications .

 

 

 

 

 

 

 
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