HUF formation date

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When selling a jointly owned property acquired in 2010 and looking to invest the capital gains into a new residential property under a Hindu Undivided Family (HUF), the formation date of the HUF is crucial. If the HUF has no other assets, it can be created as of the current date. This allows for the investment of capital gains into the new property under the HUF's name.

Rajnish Shukla

Rajnish Shukla (Querist)
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30 June 2024 We got married in 2002. Me and my wife are now selling our joint property, acquired by some cash hand loan from parents and home loan on our name, in 2010. Now we want to create HUF and invest the capital gain by sale of this joint property, in new residential property under HUF. what shall be the date of creation of HUF. ??