u/Prior-Ostrich-130

Buying Agricultural Land in HUF Name for Income Source & ITR – Good Idea or Future Problem?

Our HUF is already created and currently has no active income source or assets.

We are planning to buy around 3.5 acres of agricultural land in the HUF’s name mainly to build a legitimate income source/history for HUF ITR filing and long-term tax structuring.

Current HUF members:

  • Father (Karta)
  • Mother
  • One unmarried son

I wanted guidance from lawyers/CAs/property experts on a few things:

  1. Is buying agricultural land in HUF name a good idea in this situation?
  2. Can agricultural income from this land be shown in HUF ITR legally without issues later?
  3. What future complications can arise after the son gets married?
  4. Does the son’s future wife get any claim/right in HUF agricultural property?
  5. While selling HUF agricultural land in future, whose permissions/signatures are practically required?
  6. Is it better to buy in individual name instead of HUF if the main goal is creating a valid income source and clean tax history?

State: Maharashtra

Would appreciate practical advice from people who have handled HUF property/tax matters in real life.

reddit.com
u/Prior-Ostrich-130 — 2 days ago

Buying Agricultural Land in HUF Name for Income Source & ITR – Good Idea or Future Problem?

Our HUF is already created and currently has no active income source or assets.

We are planning to buy around 3.5 acres of agricultural land in the HUF’s name mainly to build a legitimate income source/history for HUF ITR filing and long-term tax structuring.

Current HUF members:

  • Father (Karta)
  • Mother
  • One unmarried son

I wanted guidance from lawyers/CAs/property experts on a few things:

  1. Is buying agricultural land in HUF name a good idea in this situation?
  2. Can agricultural income from this land be shown in HUF ITR legally without issues later?
  3. What future complications can arise after the son gets married?
  4. Does the son’s future wife get any claim/right in HUF agricultural property?
  5. While selling HUF agricultural land in future, whose permissions/signatures are practically required?
  6. Is it better to buy in individual name instead of HUF if the main goal is creating a valid income source and clean tax history?

State: Maharashtra

Would appreciate practical advice from people who have handled HUF property/tax matters in real life.

reddit.com
u/Prior-Ostrich-130 — 2 days ago

Monitor for CCTV around 5-5.5k

Hello All,

Planning to buy a monitor for CCTV purpose. Likely 22 or 24 inch.

I am getting Samsung essential S3 24 inch 120hz IPS dual HDMI model for 5300. Shall I buy it or if someone can suggest better model?

Thanks

reddit.com
u/Prior-Ostrich-130 — 15 days ago

Hello All,

Planning to buy a monitor for CCTV purpose. Likely 22 or 24 inch.

I am getting Samsung essential S3 24 inch 120hz IPS dual HDMI model for 5300. Shall I buy it or if someone can suggest better model?

Thanks

reddit.com
u/Prior-Ostrich-130 — 15 days ago

Hello All,

Planning to buy a monitor for CCTV purpose. Likely 22 or 24 inch.

I am getting Samsung S3 24 inch IPS dual HDMI model for 5300. Shall I buy it or if someone can suggest better model?

Thanks

reddit.com
u/Prior-Ostrich-130 — 15 days ago

Hello All,

Planning to buy a monitor for CCTV purpose. Likely 22 or 24 inch.

I am getting Samsung S3 24 inch IPS dual HDMI model for 5300. Shall I buy it or if someone can suggest better model?

Thanks

reddit.com
u/Prior-Ostrich-130 — 15 days ago