income tax
This query is : Resolved
Vishal Arora
(Querist)
08 March 2017
What are the requirements for creating HUF?
09 March 2017
For income tax purposes HUF is a separate income tax assessee which gets created on the marriage of an individual. For creation of HUF procreation of children is not necessary. An HUF consists of an individual, his spouse and children. For income tax purposes, PAN of HUF is necessary and initial capital may be in the form of inherited property, or gift etc.
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