Huf
This query is : Resolved
18 August 2011
I am a student of CA Final..
I want to know that How we can create HUF and what are the benefits of creating HUF from the point of Income Tax or any other purpose.
Please solve my problem
Thanking You
I want to know that How we can create HUF and what are the benefits of creating HUF from the point of Income Tax or any other purpose.
Please solve my problem
Thanking You
19 August 2011
FOR CREATION OF HUF SPOUSE AND ATLEAST ONE CHILDREN REQUIRED. BY A HUF DEED CREATED BY KARTA AND OTHER MEMBERS HUF CAN BE CREATED.
FOR THE POINT OF TAXATION IT IS USEFUL SINCE 1.80 LACS ADDITIONAL BENEFIT CAN BE TAKEN
FOR THE POINT OF TAXATION IT IS USEFUL SINCE 1.80 LACS ADDITIONAL BENEFIT CAN BE TAKEN
19 August 2011
Regarding creation it may kindly be noted that on marriage also HUF can be created which does not require any document. You can do business in the name of your HUF by taking loan of gift from your father or mother.
Yes there is benefit in IT as suggested by the expert
Yes there is benefit in IT as suggested by the expert
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Disallowance of Section 43B(h) to sez units
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST Regis.
- Confusion around Form 26QB fields
- RCM INVOICING FROM NOV-2024
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Tds on building rent monthly
- As per schedule III of balance sheet how to pass journal entry
- Is correct way to find out capital of individual on 31st March
- Individual capital equal to which assets of balance sheet
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
