Can HUF and an Individual be joint owners
This query is : Resolved
Mallesh Reddy A
(Querist)
09 March 2011
HUF is a constitution by itself which includes its coparceners/members.
Opening Joint a/c with HUF as one of the a/c holder:
1. Can an HUF a/c be opened Jointly with an Individual, who is a member of the same HUF
2. Can an HUF a/c be opened Jointly with an individual who is not a member of the HUF
Opening Joint a/c with HUF as one of the a/c holder:
1. Can an HUF a/c be opened Jointly with an Individual, who is a member of the same HUF
2. Can an HUF a/c be opened Jointly with an individual who is not a member of the HUF
13 March 2011
HUF Account is for the benefit of members of such Hindu Undivided Family which may not be permitted to share HUF corpus with any one individual - whether member or otherwise!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Issuing of delivery challan by seller of goods
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Tax on Amount transferred in HUF Account
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
