Formation of HUF
This query is : Resolved
29 September 2008
I want to form a HUF Pls guide with following details:
1) House Property reced. by my father from his parents.
2) want to make Karta to my father
3) is there any coparcener deed mandatory for formation of HUF?
4) I need Coparcenership deed formate ?
5) Any other formalities require to form HUF
6) is Documents related to formation need to submit before any authority?
Pls guide,
Abhishek
1) House Property reced. by my father from his parents.
2) want to make Karta to my father
3) is there any coparcener deed mandatory for formation of HUF?
4) I need Coparcenership deed formate ?
5) Any other formalities require to form HUF
6) is Documents related to formation need to submit before any authority?
Pls guide,
Abhishek
29 September 2008
1) Are his parents alive? Is it the self acquired propery of the parents?
2) It depends upon answer to question 1.
3) No deed. HUF is formed naturally.
4)Does not arise.
5) Not other than the natural formation through property devolution from paternal ancestors.
6)Proof that HUF exists has to be submitted to IT authorities if it is intended to create HUF file.
2) It depends upon answer to question 1.
3) No deed. HUF is formed naturally.
4)Does not arise.
5) Not other than the natural formation through property devolution from paternal ancestors.
6)Proof that HUF exists has to be submitted to IT authorities if it is intended to create HUF file.
01 October 2008
Dear S. Sriniwasaraghvan,
I want to form HUF for my father.
Property is in the name of my grand mother but she is no more. Yes this property is made by taking loan in the name of my Grand mother.
Ur answer for point 6 that "Proof that HUF exists has to be submitted to IT authorities if it is intended to create HUF file" is not so clear please clarify the same.
I want to form HUF for my father.
Property is in the name of my grand mother but she is no more. Yes this property is made by taking loan in the name of my Grand mother.
Ur answer for point 6 that "Proof that HUF exists has to be submitted to IT authorities if it is intended to create HUF file" is not so clear please clarify the same.
04 October 2008
If your father has received the property as a legal heir to his mother then the propery can not be termed as HUF property. If on the otherhand the property itself was a HUF property held by your grand mother along with her husband (your grand father)then it can be a HUF property. Moreover, there has to be a HUF consisting of you your father and mother that should have received the property.
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
- Reopen of assessment proceeding
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Experts need help
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- 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
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
