FORMATION OF HUF
This query is : Resolved
09 January 2008
Can a HUF be formed by husband, wife and female by way of Gift. If there is any legal problem. Please prvide any case law if possible.
Thanks
Thanks
CA Hemant T Dewani
(Expert)
11 January 2008
HUF can be formed by husband,wife and one children if you open a bank account in the name of huf there after you will take a gift from any body.total gift does not exceed rs.1.1/-lakhs durig the year otherwise it will taxable.your new huf is created you will be the karta of huf and seperate entity is establised.But in Kerla huf is abolished. by legal term you will make a huf deed in 100/ rs. stamp paper and notarised it and apply for pan card to income tax
SANDEEP AGGARWAL
(Expert)
11 January 2008
Sir,
I have Doubt Wheather HUF can be created in the present case since coparcner(male childis absent) is not there.Please clarify
I have Doubt Wheather HUF can be created in the present case since coparcner(male childis absent) is not there.Please clarify
kartik_somu
(Expert)
20 March 2008
HUF's cab be started with atleast one male member.
There is nothing that a male co parcener should be there.
There is nothing that a male co parcener should be there.
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
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- Appointment of Auditor By Form ADT-1
- RCM and same line
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- ARCA LOGIN
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
