Huf
This query is : Resolved
VIKASH KUMAR BAJAJ
(Querist)
01 May 2013
Hi All,
1. Can a Foreign Citizen create an HUF?
2. If yes, Can a foreign Citizen not reisiding in India can create a HUF?
3. if yes then, can such HUF can claim Income tax benefit ordinarily available to HUF's?
1. Can a Foreign Citizen create an HUF?
2. If yes, Can a foreign Citizen not reisiding in India can create a HUF?
3. if yes then, can such HUF can claim Income tax benefit ordinarily available to HUF's?
Anil Sankar V
(Expert)
01 May 2013
Hindu undivided family (abbreviation: HUF) is consist of all persons lineally descended from a common ancestor and include their wives and unmarried daughters. A daughter cease to be a member of her father's family on marriage, and become a member of her husband's family.
May be crucial point to your valid question.
May be crucial point to your valid question.
VIKASH KUMAR BAJAJ
(Querist)
02 May 2013
Say, I am a person of Indian origin, but I am settled outside india and I am citizen of that country.. However I maintain a personal file in India uptill now..
Now I want to create an HUF .. obviously to avail tax benifit.. can I do so?
Note:
-Foreign Citizen
-Non-resident
Now I want to create an HUF .. obviously to avail tax benifit.. can I do so?
Note:
-Foreign Citizen
-Non-resident
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