HUF
This query is : Resolved
26 June 2009
Can one person form a Greater HUF even today alongwith his brothers and sisters
and
again the same person wants to form another Smaller HUF with his Wife and Children after marriage
(i.e. he wants to be Karta of both the HUFs)
Is this possible?
If yes,
How is the PAN card obtained?
and
again the same person wants to form another Smaller HUF with his Wife and Children after marriage
(i.e. he wants to be Karta of both the HUFs)
Is this possible?
If yes,
How is the PAN card obtained?
26 June 2009
Yes, there can be 2 HUF in one family. One bigger HUF and another smaller HUF. A single person can be Karta of both the families. lets take an example. There can be 2 HUF of the person Shri Ganesh Shyamsundar Bhandari. The bigger HUF will be known as " SHYAMSUNDAR BHANDARI HUF" Whereas the smaller HUF will be known as " GANESH BHANDAR HUF ". He can be karta of both the HUF's. So far as the PAN card is concerned, enclose the identity proof & address proof of Shri Shyamsundar Bhandari in case of bigger HUF. You can avail the PAN card & you can sign as karta of HUF on application form.
02 September 2009
thank u for the reply
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Tax liability on income of freelancer
- Loan by Partnership Firm
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
