Can we create HUF without ancestral property ?
Rahul Kakaria (student) (99 Points)
20 July 2010Can we create HUF without ancestral property ?
CA. Nishant Jain
(Audit Executive)
(411 Points)
Replied 20 July 2010
Dear Rahul,
Yes an HUF can be created without ancestral property. You just need PAN in name of HUF you wantto create. But the correct question whould be how to create capital for HUF? I am attaching a file which I read somewhere, I hope it will serve the purpose.
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