Distribution of assets at the time of complete partition of HUF shall:

CS Executive · Tax Laws · PYQS · December 2022
Distribution of assets at the time of complete partition of HUF shall:
(A) be regarded as a transfer in the hands of HUF
(B) not be regarded as transfer in the hands of HUF
(C) be regarded as a transfer in hands of family members
(D) Either (A) or (C)

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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