HUF deed incase of Death of Karta

This query is : Resolved

DIVYESH JAIN (Querist)
Follow

14 January 2023 Dear Sir,

I want to make an HUF deed in which my father was the Karta of HUF. Now after his demise I want to become the Karta of the same HUF.

My query is do I have to make any monetary transaction with HUF since I will be becoming the Karta of HUF. The format of the HUF deed shows Gift to be received in cash/cheque to the new karta.

Please help me resolve this issue.

Regards,
Divyesh Jain

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

14 January 2023 Not mandatory.

DIVYESH JAIN

DIVYESH JAIN (Querist)
Follow

14 January 2023 Below is the format of the HUF deed I have got. From this deed can I remove the point number 2 of Gift received from HUF and execute the deed.

Please suggest.

DECLARATION

I, ________________ son Of __________________ Residing at ______________________ aged ___Adult do hereby declare-

1. That I am Karta of ___________________________________________ .

2.That I received on behalf of the H U F gift of Rs. ___________ by way of CASH/CHEQUE from my FATHER ___________________________(name of relative of karta of HUF) on dt. _______________ this formed the corpus of the HUF.

3. That the HUF at present is consisting of the followings members- I) Shri _____________________, Adult, Residing at _________________ II) Smt. _____________________, Adult, Residing at _________________ III) Kumari _________________-Minor, Residing at ___________________

4. That the above statements are true to the best of my knowledge & belief. Declare this on _________________

WITNESS: Signature 1. ————————————– ———————————
2. ————————————– (_____________________)

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

14 January 2023 Yes, but make it as amendment to original HUF declaration.

DIVYESH JAIN

DIVYESH JAIN (Querist)
Follow

14 January 2023 Ok Sir, Thanks you very much.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

14 January 2023 Most welcome ...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Suneel Shah

rajeev koolwal

Jeegar Valera

Sanjeev Kumar Manchanda

Rohit Sachdeva

Subscribe Now

HUF deed incase of Death of Karta

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA