HUF QUERY FOR FORMATION & GIHT

This query is : Resolved

PANKAJ AGARWAL (Querist)
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30 January 2009 My client have formed a HUF but no agreement of deed is made by him in regard to such formation, now how should such agreement be made?? Please help me out with format of forming such HUF agreement.

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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30 January 2009 You cannot form huf as you like.

There should be inherited property from elders that it should be used for kith and kin.

In some places marraige gift given with a direction that it should be used for the kith and kin of the bride and bridegroom will pave way for formation of huf.

In your case there is no clear cut details.

Please forward the total details to my email ID sahanaseena@gmail.com.

I will inform you how to do it.

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