Hello,
I am married for past 2 years & wish to start an HUF with me as Karta & Wife as co-parcener. We don't have any kids yet. I have the following queries:
1. Me & my wife stay in a rented accommodation. My Aadhar has the address of the rented accommodation. So, can HUF accept the rented accommodation as it's address?
2. Do I or my wife need to submit any proof of permanent address, in case answer to first question is yes?
3. I have read on this forum that HUF can be formed with a capital of even Zero Rs? Can somebody re-confirm this based on recent regulations. If we can form with zero capital, then in that case do we need a gift deed?
4. In HUF deed, it says money is received from Father/Brother/ Mother etc as capital. Can me or my wife give the initial capital of HUF formation?
Request everybody's guidance on this topic.
CAclubindia
