In respect of huf

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 October 2013 I want to start new business, so as per Income Tax rule can I form new business in which proprietor will be HUF.

As an I am individual, I am getting salary income.

Kindly suggest on the same.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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26 October 2013 Yes you can start a business with HUF status only if you are male and include your wife or your relatives in it and form a valid huf leaglly with it getting it registered and applying for a valid pan from it dept.

All the best.

Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2013 Sir,
I am married and I have two baby girl. I have already applied for PAN Card. I will be thankful if you suggest briefly any more me to do legally.

Thanks & Regards,
Dipak Bhatt

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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31 October 2013 For more info you and exact procedure you need to meet your jurisdictional AO and he will guide u as to what forms additionally u need to fill up.

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