Can make a huf files
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 April 2013
if my client has a on baby child ( ladki) .
can he make HUF File.
urgent please.
can he make HUF File.
urgent please.
16 April 2013
HUF is formed after marriage not after birth of child. It was old concept now not in force.
Message likes :
1 times
16 April 2013
Your HUF is formed once you get married.
It is very much still recognised by the income tax act. so you may go ahead and apply for PAN so that your HUF file is created. certain assets can be transferred to the HUF for purpose of tax planning.
It is very much still recognised by the income tax act. so you may go ahead and apply for PAN so that your HUF file is created. certain assets can be transferred to the HUF for purpose of tax planning.
Message likes :
1 times
31 May 2013
Yes you can also have a HUF file. The problem is of the capital. Take gift from either father or mother in the name of your HUF and do business with that money.
Your HUF is formed from the day you are born but till your marriage there is no co-partioner and hence once you are married you can open your HUF File.
Your HUF is formed from the day you are born but till your marriage there is no co-partioner and hence once you are married you can open your HUF File.
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
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- Building tax payment deduction in rental Income
- About TDS & Income Tax
- Not able to file ITR
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
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
