Not only HUFs but members of every other community can go for a Family Settlement or Arrangement. It’s a way out for saving income tax and stamp duty in family matters as discussed by quoting case laws and draft formats.

Family arrangement or settlement is one of the modes of settling family disputes and dividing property amicably; the main thrust is to reach to an agreement providing for the resolution of all conflicting and disputes claims so as to maintain family honour a family settlement or a family arrangement if done in bona fide manner and for a genuine purpose of family peace and honour. We have, therefore, Placed a heavy reliance on the various court cases.

Family Settlement too have several tax implications and as such enough attention needs to be paid to the taxing provisions while arriving at any family settlement. The Family settlement is a peculiar feature of Hindu Law and has an important role to play in the matter of tax planning and payment of stamp duty. All these important issues are explained in this small book.

Contents:

1. Introduction
2. Family Arrangement with Special Reference to HUFs
3. No Capital Gains Tax Liability
4. Tax Planning through Family Settlement
5. Principles Laid Down in Various Court Cases
6. Family Arrangements for Business Restructuring
7. Stamp Duty and Registration Provisions