Rajiv Limbachiya (Deputy Manager) (140 Points)
24 June 2016I am only earning person (bachelor) living with retired parents in Ahm. Married elder brother liveing separate in Baroda.
Can I open HUF account for my self and my father (separate). If yes please let me know procedure and what document required.
If I can not open, but my father can open, then can I open joint bank account with my father HUF account?
Request to all please reply asap.
CA Ankit sachdeva
(Self- Practice)
(35 Points)
Replied 25 June 2016
A single male member can not constitute HUF. A single person, male or female does not constitute a family.
DECLARATION
I, ________________ son Of __________________ Residing at ______________________ aged ___Adult do hereby declare-
1. That I am Karta of ___________________________________________ .
2.That I received on behalf of the H U F gift of Rs. ___________ by way of CASH/CHEQUE from my FATHER ___________________________(name of relative of karta of HUF) on date _______________ This formed the corpus of the HUF.
3. That the HUF at present is consisting of the followings members- I) Shri _____________________, Adult, Residing at _________________ II) Smt. _____________________, Adult, Residing at _________________ III) Kumari _________________-Minor, Residing at ___________________
4. That the above statements are true to the best of my knowledge & belief. Declare this on _________________
WITNESS: Signature 1. ————————————–
2. ————————————–
(_____________________)
Regards
CA ANKIT SACHDEVA
ACA, B.COM
For more detailed send mail to : ankit.k.sachdeva @ gmail.com
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