The minor children of Hindu couple are foreign born and hold foreign passport. Both the parents are Indian citizens. If the parents form HUF, can the minor children with foreign passport be members of the HUF? If yes, any special procedure to be followed while forming the HUF? Any other relevant fact or consequences in this situation? In another case, one child is Indian and one is foreign born.
Menu
Can huf have foreign members?
Replies (3)
to my mind a minor who live in foreign can be a member of HUF
the basic test is a
- family where all the members follow the karta and
- family is undivided
- income is undivided
- property is undivided
but others view are also desirable
The minors are foreign citizens but they live in India with parents.
i think it does not make any difference.
Recent Topics :
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
- Scanned purchase bills to Tally XML with GST check
- TDS applicability of foreign remittance to Oracle
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
Related Topics :
CAclubindia
