HUF Account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 February 2010
My Family consists of myself (28 yrs), my wife (26 yrs), my mother (51 yrs), and my grandmother (76 yrs). I wanted to know if i can open a HUF account under this circumstances, so that i can have an additional income tax slab. My family holds agricultural land, but as of date the income from these has been showed in personal a/c.
Thanks in advance for ur response
Thanks in advance for ur response
Guest
Guest
(Expert)
26 February 2010
HUF includes only male members of the family as per the act.
You can open a HUF account, if and only if, you have ancestral property, such as land, gold etc.,
You can open a HUF account, if and only if, you have ancestral property, such as land, gold etc.,
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