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Huf creation

Ronak (ca final) (65 Points)

11 March 2017

Dear Sir/Madam, I am having quiry releted to creation of HUF. My quiry is that Whether HUF can be created immediately after Marriage ? i.e only Husband & Wife. Whether Both Husband & Wife are consider as co-partionary.

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3 Replies

(Guest)

. A husband and wife can form an HUF but a wife can onlybe a member, not a co-parcener. ... A member has equal rights but only a co-parcener can demand the partition of the HUF.

Ronak (ca final) (65 Points)
Replied 11 March 2017

Thank You Sir,

But Whether it create any deficulty for taking basic exemption as HUF?. Whether there is mandatory of having At least Two Co-partionary as per income tax ?. Please support section or etc. if possible.