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HUF

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 April 2010 How HUF is formed if person does not have any ancestral property?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
24 April 2010 Basic criteria for an HUF
There are some essential conditions that must be fulfilled to qualify as an HUF. These are outlined below:
• Only one member or co-parcener cannot form an HUF;
• The joint family continues even in the hands of females after the death of the sole male member;
• An HUF need not consist of two male members. One male member is enough. For example, a father and his unmarried daughters may form and HUF.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
24 April 2010 TO KNOW IN DETAILS GIVE ME YOUR EMAIL ID I WILL MAIL YOU SOME USEFUL DETAILS.
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NISHIT A. DOSHI

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NISHIT A. DOSHI (Expert)
27 April 2010 Hi,

In order to create an HUF, even you can also take gift from the relative or any family member and prepare the gift deed.

On this basis also you can create an HUF.

WITH REGARDS,

C.A.NISHIT DOSHI
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