Kalpesh Ghelot (62 Points)
04 June 2023Sir .
I opened HUF firm my HUF firm name
Manishkumar kalpesh jain.huf
But my name is Manish Kumar Jain .
Is it correct or have to correct on same like karta name
And my child birth date Is 12 /08/2013
But HUF incorporation date is 14/08/2013
Is it correct in future my family face any issue
Please guide...
Regard
Manish
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176815 Points)
Replied 29 July 2023
Have you obtained PAN of HUF?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176815 Points)
Replied 03 August 2023
So, no need for any alteration or rectification.
For the lifetime of the HUF, you and your family will have to remember the name and date of formation of HUF as per PAN card data.
Good luck..
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176815 Points)
Replied 04 August 2023
You are welcome...
Good Luck.
Kalpesh Ghelot
(62 Points)
Replied 15 August 2023
Sir .
When I request for HUF PAN application Then we mentioned 14/08/2013 of my child birth day as date of formation in declaration
but actual birth date was 12/08/2013 because at the time my child addhar card birth date mentioned 14/08.
We update child aadhar card birth date
So need to update HUF Formation date.or no need Please guide.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176815 Points)
Replied 15 August 2023
If you wish, you may apply for its correction in HUF PAN records with all the proof of date change, but if you are ok with 14/08 as HUF formation date, then no need at all.
Vikash Chhillar
(4 Points)
Replied 08 January 2024
Dear Sir, My Name is Vikash Kumar and VIKASH KUMAR HUF on HUF Pan card, Now I have changed my name: Vikash Chhillar, Can I updated the same on HUF pan card, if yes please let me know the process.
One more question: Can we name our HUF like CHHILLAR & SONS HUF
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176815 Points)
Replied 09 January 2024
@ Vikash
1. No need.... let it continue as it is
2. Not applicable now... It could have been possible while formation.
Vikash Chhillar
(4 Points)
Replied 12 January 2024
Dear Sir, I have not understanding the concept of name changing process in HUF Pan Card.
1. Changing HUF name from VIKASH KUMAR HUF to VIKASH CHHILLAR HUF is possible or not?
2. If yes.. can i change it to CHHILLAR & SONS HUF or VIKASH CHHILLAR HUF is the only option?
3. I have a Residential Rental property on My Name and my Mother’s Name which is purchased by my father in 2012, Can I transfer both property to my HUF.
4. Me & My wife also invested in Stock Market with Individual Demat accounts for both, Can we transfer our Investments ( approximately ₹7,50,000) to HUF as a Capital from we start stock market investment by opening HUF Demat account.
5. All income of HUF from Rental, Investment & Business is not clubbing in my Individual income ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176815 Points)
Replied 01 May 2024
1. Yes, possible, with proper evidence.
2. Possible but with proper evidence.
3. Not possible now.
4. Even if you transfer them to HUF account, by clubbing provisions, the tax liability will not get transferred to HUF account, but the transferrer will have to pay the tax.
5. Check clubbing provisions...
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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