HUF

What amount must be invested in a residential house to claim an exemption for long-term capital gains? | Mint

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If we sell our residential house for, say, ₹50 lakh, do we have to invest the full 50 lakh to buy another residential house property, or do we only need to invest the long-term capital gains? I was under the impression that only the capital gains amount needed to be invested in another residential house … Read more

How are HUF assets distributed on the death of a coparcener? | Mint

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I have listed shares and fixed deposits with a few banks in my HUF account. I have two sons and a daughter. All are married. After my death, how will the HUF assets be transferred to my son? Or should I dissolve my HUF now and distribute all the assets among my sons? HUF is … Read more