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Creation of huf
WHY IT IS REQUIRED TO CREATE AN HUF???
WHAT ARE THE BENEFITS OF IT??
CAN AN INDIVIDUAL CREATE AN HUF??
IF YES THEN WHAT IS THE PROCEDURE??
Replies (3)
Huf is created for taxplanning. After marriage huf can be created.A male member is neccessary to form a huf. Male member is the karta of the huf. Benefits of forming huf tax can b saved. Exemption limit as well as 80c deduction available.
Hi
Go to the following link, it may help you:
https://taxmantra.com/steps-create-huf-hindu-undivided-family.html/
what is the procedure of creating huf??
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