Validity of huf for purpose of incometax

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rohit (Querist)
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30 August 2011 A,B,C are three brothers. They all are married and having kids. They have created Huf's namely A Huf, B Huf,C Huf. Now they want to creat (1)ABC Huf, (2) AB Huf, (3)AC Huf (4) BC Huf. Is this valid and possible to creat such a multiple HUF's for income Tax Point of View

MAHENDRA KUMAR BAGRECHA

MAHENDRA KUMAR BAGRECHA (Expert)
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31 August 2011 Hi,
As per my understanding of HUF, in the given situation in your query, ABC HUF is only valid combination. As we cann't ignore any member from HUF and create HUF as per our will.

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rohit

rohit (Querist)
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02 September 2011 Sir can we get some material which can lead us more accurately in this matter

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MAHENDRA KUMAR BAGRECHA

MAHENDRA KUMAR BAGRECHA (Expert)
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25 September 2011 Hi,

You can try out books of good authors on HUF subject.