My Son-in-Law wants to form HUF (with my daughter + 2 year-old kid). Getting HUF PAN card is the very First Step and despite applying for HUF PAN Card, after following requisite procedures, (submitting affidavit+relevant documents for himself, wife and the child), his application got rejected. Please guide, or suggest a reliable qualified person,(with his contact info) who has done this sort of work.
Thanks.
5 Replies
Kapadia Pravin
(17264 Points)
Replied 11 January 2021
What the kid is ! is a boy or girl ?
what is corpus of proposed HUF ?
WHO Sponsored
what is corpus of proposed HUF ?
WHO Sponsored
ashok oza
(277 Points)
Replied 11 January 2021
2 years old Boy. Sponsor jointly by my daughter and Son-in-law. Would like info, on Maximum allowed corpus, as per the law, and additions thereafter every year. Thanks.
Kapadia Pravin
(17264 Points)
Replied 11 January 2021
Any one parent should give gift say 10000/- towards your HUF. OPEN a bank account. And then apply with Gift letter affidavit for PAN card.
ashok oza
(277 Points)
Replied 13 January 2021
Bank (HDFC) asking for HUF PAN Card First, before opening HUF Account.
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