Keralites Can Form HUF Out Side Kerala !


The HUF concept is not valid in the state of Kerala after the government of Kerala enacted Joint Hindu Family System (Abolition) Act, 1975 . The Supreme Court in the case ofCIT v.N. Ramanatha Reddiar (HUF)[1996] 222 ITR 765, after considering the said Kerala Act held that it is not permissible for the Income-tax Department…

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