Huf and individual

This query is : Open

Kanhaiya (Querist)
Follow

17 January 2013 Sir,
I want to ask that if proprietor of a shop, creates HUF then,
1. Whether he has to change the name of the firm?

2. Whether after creating HUF, he would file return with his own PAN number as individual or through HUF PAN number?

3. Whether he can file nil return as indivdual and pay taxes as HUF?

Thanks & Regards
Kanhaiya Garg
CA-IPCC
Nangia & Co.
Dehradun

@VaibhavJ

@VaibhavJ (Expert)
Follow

17 January 2013 Hey

Are you looking for change in ownership from Ind. to HUF?

If yes then..

1. Yes, there is need to change name of firm.

2. Return to be filed with HUF PAN.

3. Yes.

Thanks!!

Kanhaiya

Kanhaiya (Querist)
Follow

18 January 2013 Thanks Sir,
For your valuable support

Upgrade to CAclubindia Pro. Subscribe Now!