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.
CA Sourabh Agarwal
(Expert)
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.
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