Overview about the partition of a Hindu Undivided Family:
Overview about the partition of a Hindu Undivided Family: Section 171 of the Income Tax Act, 1961 defines the partition of Hindu Undivided Family (HUF) and deals with the provisions of assessment after its partition. Section 171 of the Income Tax Act, 1961, is crucial for understanding the partition of a Hindu Undivided Family (HUF) …