Huf formation procedure (Open)
This query is : Resolved
VIKASSANCHETI
(Querist)
03 April 2017
Can anyone guide on what is the procedure for Formation of a HUF?
Also kindly suggest on whether Registration is mandatory for HUF similar to that of a partnership firm?
03 April 2017
For income tax purposes HUF is said to be created the moment one marries. It is not necessary to have children before creation of HUF. For HUF as a separate tax entity PAN card for HUF is to be applied and there should be some capital to start HUF.
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