Huf creation queries

Amish (General) (340 Points)

13 April 2015  

Hello,

 

I am creating a HUF for saving tax.

 

I am in Maharashtra / Mumbai.

 

I have following queries:

  1. What should be stamp paper value for HUF deed? Rs.10 or 100?
  2. What should be stamp paper value for Gift deed? Rs. 10 or 100?
  3. Does HUF deed need to be notarized or signed by magistrate or just stamp paper is enough?
  4. For PAN card, should Affidavit of HUF need to be notarized or signed by magistrate? It is not mentioned on NSDL website. (They have just mentioned affidavit needed)
  5. Recently Maharashtra government declared no stamp duty needed for Affidavit? Is declaration valid for "Affidavit of HUF"?
  6. Lastly I do not have kids yet, so HUF members are just me and my wife. Can I still claim tax benefit by HUF? I asked my CA and he said I can claim tax benefit but some reports online say that I need atleast son or daughter to claim benefit otherwise income will be treated as my personal income.

 

So please advice. Thanks in advance.