• Inherited Property

My father expired without making a will.I and my mother inherited some property ,house and land by this .My mother has forgone her share and given it to me by a registered deed .So have my uncles who also had equal share in the property.Now I am the owner of it and the Property card shows my name.I have a HUF . Can I now say that this is a HUF property for Income Tax purpose? Can I add it to the HUF ?What legalities have to be done?
Asked 2 years ago in Civil Law from Mumbai, Maharashtra
Hi, if the property is ancestral property it is better divide your property through partition.
Pradeep Bharathipura
Advocate, Bangalore
4161 Answers
141 Consultations
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for income tax queries please consult your tax consultant
Ajay Sethi
Advocate, Mumbai
24804 Answers
1331 Consultations
5.0 on 5.0
This is not a HUF property as your mother and uncles have relinquished their share in your favour.
Ashish Davessar
Advocate, Jaipur
18862 Answers
472 Consultations
5.0 on 5.0
no
Rajeev Bari
Advocate, New Delhi
1506 Answers
92 Consultations
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When HUF ceased to exist you cannot add the property to HUF.
Ashish Davessar
Advocate, Jaipur
18862 Answers
472 Consultations
5.0 on 5.0
you cannot add the properties to HUF
Ajay Sethi
Advocate, Mumbai
24804 Answers
1331 Consultations
5.0 on 5.0

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