date of creation of HUF

Tax planning 2342 views 5 replies

I want to start a new HUF.
What is date of creation of HUF?
Can it simply be the date of marriage or the next day?
Any other Agreement or Deed is required?
Thanks

 

Replies (5)

it will be the date

when ur first son will born

Creation of HUF is not by Agreement BUT by status. As such, creation of HUF does not require any Agreement or Deed.


Secondly, I would slightly differ from what Mr. Sumit Jain has said..........because HUF is created from the date when your first CHILD (girl child now included) is born and not when your son is born.

agrre with keswaani.. after the hindu act ammended, s*x bias has been eliminated

Agree with mr sandeep

Agree with sandeep and now you just file the Itr in the name of HUF and before itr filing ,get the pan card in the name of HUF


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