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What happens when HUF return of income isn't filed with I-T Dept?
short by Bhuvnesh Ojha / on Sunday, 22 February, 2026
The missed HUF (Hindu Undivided Family) ITR can be updated after March 31, 2026. The dividend income from HUF assets must be clubbed with HUF income. The transfer of shares from HUF to individual account can be treated as gift by HUF. Transferring part of assets to its members is treated as a partial partition of HUF under Income-tax Act.
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