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Creation of huf?

CS RAJESH C.CHOUDHARY (ASSISTANT MANAGER) (14607 Points)

02 September 2011

Hi freinds

Can any body tell me about creation of HUf

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3 Replies

praveen (Chartered Accountant) (6971 Points)
Replied 02 September 2011

One can form a HUF when he gets married.

All you need is to create a deed of HUF .

Get a PAN for which details of karta are enough

You can open a bank account giving the PAN and the HUF deed.

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CA Vipin Garg (Assistant Manager) (83 Points)
Replied 02 September 2011

Can i get the performa for huf deed plsssssssss

CS Smriti Sharma (ACS, B Samrish & Co.) (880 Points)
Replied 02 September 2011

Hi,

Any hindu individual male can create HUF as soon as he gets married to a hindu female. Its not necessary to have children to create HUF. Persons from other religion are not eligible to create HUF except Jain and Sikh who can create HUF even though they are not governed by hindu law.

HUF consists of Karta, Co-Parceners & Member i.e. family members who dont have right to demand the share of the property.

To Create HUF

Apply for a PAN Card

HUF Stamp

Open a Bank account.

HUF Declaration (Attached herewith)

Please find the attached file containing detailed information on HUF creation & related formats.

Thanks & Regards :

Smriti Sharma

B. Samrish & Co.

Company Secretaries

www.bsamrishindia.com