Huf creation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2011
can husband and wife create huf?? or child is needed?
06 August 2011
Every Hindu who is governed by Mitakshra Law of Hindu Law is born in 2 status one is Individual and other is HUF. Till he is married he cannot file his return in the status of HUF as he do not have any co-partioner to claim partition. Hence, on marriage you can create HUF file but at that point of time your HUF shall remain without fund. Then what to do. Take gift from your father or mother to create HUF and loan from friends and relatives in the name of HUF to start any business in the name of HUF.
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