22 January 2008
So one can open HUF account even though his father has an HUF account right??.
I already have applied for HUF PAN No and have received the PAN no. Also I have created the rubber stamp of KARTA.
Now I have two questions
a) I want to prepare the ded on stamp paper. so is there any fixed format of it and what amount (Rs100 or Rs200) of stamp paper we have to prepare the ded.
b) What all trasaction normally happen in HUF account. Like receiving of interest. As it is an HUF account so in my bank whether i have to open an saving a/c or current a/c in my name eg Rajesh K Nagda(HUF). Also only i know is I can not take professional charges in HUF a/c.
CAclubindia
