Formation of HUF

CA Manish (Practice) (87 Points)

27 August 2010  

 

One of our Client wants to form HUF.

I just want to know whether HUF can be formed without any ancestral property

If yes, i want to know the procedure for formation of HUF and what types of income can an HUF have

if the same is formed without having any ancestral propoerty.


Kindly let me know as early as possible..