Poonawalla fincorps
Poonawalla fincorps

HUF Formation

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(Querist)
11 July 2011 what are the prerequisites for forming HUF ?whether marraiage is sufficient for forming HUF? Whether formation of HUF helps in saving Tax?
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Ravikant

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Ravikant (Expert)
11 July 2011 Yes marriage is sufficient to form HUF,

Formation of HUF helps in saving Tax, as it recognised as a seperate legal entity in Income tax act,

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