05 May 2019
I want to create a new HUF account. I am the Karta of my family which includes my wife and 2 minor sons. I intend to take a gift cheque from my wife's account for the HUF capital. Please guide me in the process of creating HUF account. Is it necessary to make HUF deed on a stamp paper ? Can I take gift from my parents for the purpose of HUF capital ?