FEATURE1. Formation2. Management3. Tax Planning4. Incorporating the Finance (No.2) Act, 2014CONTENTLIST OFCASE LAWSPART-I 1. HUF- Meaning 2. HUF-How to constitute a HUF 3. H UF-Opening a Bank Account/Demat Account 4. HUF-Whether Can Do Business/Profession & AMT Provisions 5. HUF-Rebates/Deductions available under Income-Tax Act, 1961 6. HUF-Whether Can Give / Receive Gifts 7. HUF-How to Disrupt/Partition or Discontinue 8. HUF- Investment Options 9. HUF-Multiple HUFs10. HUF-Important Case Laws11. HUF-Whether a Single Member Can Constitute a HUF12. HUF-Whether Can Be Constituted with Only Female Members13. HUF-Speculation Income Status14. HUF-Drawings15. HUF-Whether Can Be a Shareholder/Subscriber to the Memorandum of Association of a Company/Cooperative Society16. HUF-Whether Can Be a Partner17. HUF-Whether Can Be a Proprietor18. HUF- Whether Can Be a Trustee/Settlor19. HUF —Other Communities-Concept20. HUF-Recent Amendment in Hindu Succession Act Simplified21. HUF-Various Notifications22. HUF-Various Circulars23. HUF–Meaning of the Word Karta, Managing Member & Whether a Female Member Can Become a Karta24. HUF-Compliance with TDS Provisions25. HUF-Search and Seizure26. HUF-Checklist for Tax Purposes27. HUF-Tax Planning Tips28. HUF-Wealth Tax Act, 195729. HUF-Meaning of Important Terms in Relation to HUF30. HUF-Whether any Restriction on Number of Members in HUF31. HUF-Whether Husband/Wife can Constitute a HUF32. HUF -Meaning of the Term Coparcener33. HUF-Tax Recovery Provisions34. HUF-Return Forms and Assessment35. HUF-Audit and Maintenance of Accounts36. HUF-Applicability of rite Accounting Standards37. HUF-Whether Merger of two HUF is Possible38. HUF-How to Determine the Residential Status of HUF39. HUF-Whether Ownership of Assets outside the country is Possible40. HUF-Applicability 0/’ other Acts like VAT, Sales Tax, Service-Tax, Excise duty, Fema, etc41. HUF-Capital Gains42. HUF-Whether can Hold Credit Cards or Debit Cards /ATM Cards or can Apply for Internet Banking43. HUF-Rule of Primogeniture44. HUF-Inclusion 01′ Daughter as a Coparcenor-Planning45. HUF-Annual Information Return (AIR)46. HUF-Pan No/Tan No47. HUF-Rates of Income Tax Applicable48. HUF-Frequently Asked Questionnaire49. HUI’-Direct Tax Code Impact50. HUF -Tax jurisprudence – Challenges AheadPART II Hindu Succession Act, 1956 PART III Hindu Adoptions and Maintenance Act, 1956PART IV Hindu Minority and Guardianship Act, 1956 PART IV Hindu Marriage Act, 1955Subject Index ABOUT THE AUTHORSN M Ranka,Born at Beawar in 1933.Mr. Ranka did Graduation in Commerce in 1953 and in Law in 1955.He joined the Profession in 1953, was enrolled as a Pleader in 1956 and as an Advocate in 1962. He has been designated as Senior Advocate in 1990. He is a reputed Senior Advocate in the field of Tax Laws, a philanthropist and tax expert of national repute. He has been chairman or faculty or brain’s trust trustee at more than 750 Tax Conferences, Seminars or Workshops organized in different parts of India. He has contributed articles and papers exceeding 400, which have been published in national tax journals. He has been felicitated by a large number of Tax Associations. The All India Federation of Tax Practitioners has honoured him as “AIFTP Man of the Millennium”. He has written a book ”VITAL ROLE OF THE CONSTITUTION IN WOMEN EMPOWERMENT” (in Hindi). He is co-author and has edited many tax books published by AIFTP of which he has been National President (2000-2002). He has authored his biography with title “LAW PROFESSION:MY EXPERIENCES & EXPECTATIONS┬╖ He is Patron and past president of Rajasthan Tax Consultants Association and Jaipur Tax Consultants Association, President of Mansarovar Advocates Club Trust, Chairman of Ranka Public Charitable Trust and trustee or member of a large number of Charitable Trusts and Societies in educational and medical field. He was Secretary or Vice-President of Amar Jain Medical Relief Society for over 35 years and set up a Medical Hospital with all facilities. He is member of Supreme Court Bar Association, Bar Association of India, All Gujarat Federation of Tax Consultants and many more professional associations. He is life member of Law Institute of India and has been conferred honorary membership of Direct Taxes Professionals’ Association, Kolkata and Rotary Club of Beawar. He has all the qualities of a dignified and service oriented law professional. His contributions are meritorious. He serves the ‘Society’ and the ‘Humanity’. He is a Gandhian by philosophy; has installed 17 marble statues of Father of the Nation and is working on ‘NYAY TIRTH PARIYOJANA’ for quick and clean dispensation of justice. He has extensively travelled all over the globe.
N M Ranka, R K Patodia
8th Edition October 2014