Creation of huf
This query is : Resolved
12 May 2013
Respected experts
To form one HUF a gift of Rs.20000/- is given by one assessees father in law & that is also to be given through writing on Non juditial stamp paper - now
1. what value of stamp paper is to be purchased
2. when the gift is comming from Channai to Kolkata is the such stamp paper to be purchased from kolkata or from channai.
3. & also in whose name such stamp paper is to be purchased - in the name of husbend or wife or both or in the name of the donner.
Pls guid us
Thanks
Debashis Mandal
To form one HUF a gift of Rs.20000/- is given by one assessees father in law & that is also to be given through writing on Non juditial stamp paper - now
1. what value of stamp paper is to be purchased
2. when the gift is comming from Channai to Kolkata is the such stamp paper to be purchased from kolkata or from channai.
3. & also in whose name such stamp paper is to be purchased - in the name of husbend or wife or both or in the name of the donner.
Pls guid us
Thanks
Debashis Mandal
27 June 2013
1) Prepare on 100/- rupee stmp paper
2) The donor is from Chinnai so it is to be purchased from Chinnai
3) It is to be purchased in the name of the donor
You have to draft the Gift deed in such a manner that it is for the use of the family and not for individual. How, you will do it is up to you so that there should not arise any question on formation of HUF
2) The donor is from Chinnai so it is to be purchased from Chinnai
3) It is to be purchased in the name of the donor
You have to draft the Gift deed in such a manner that it is for the use of the family and not for individual. How, you will do it is up to you so that there should not arise any question on formation of HUF
Message likes :
1 times
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
