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
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Gst Sales of FY 2023-24
- TDS NUMBER SURRENDER
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Offsetting interest income against derivative trading losses
- Application of 115BAC
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
