HUF Capital formation

313 views 2 replies

HI ,

Needed help regarding HUF capital formation.

a) I have recently formed HUF PAN and bank account and had received X amount from my Father in Law as gift a week before  Marriage date in my wife's account. Can I transfer that amount in MY HUF and show it as gift received at time of Marriage?  .Please note HUF bank account didn't exist at that point of time.

b) Can my Mother gift my HUF amount as through gift deed? 

 

Thanks 

Replies (2)
Yes both are possible

Thanks for your reply.

 

In first case ,won't it be considered as contribution by member ( wife) to HUF rather ? as originally amount is in her account through her Father for marriage.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 July 2026
CA Articles

Kinjal H Shah & Co.

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

G A R U D & Associates

New Delhi

CA Inter

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
06 July 2026
Senior Accountant

Arvindkumar Maniar & Co.

Rajkot

CA

View Details
Company
Featured 16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
ARTICLESHIP 16 July 2026
Article Assistant

Sahil Agarwal & Company

Mumbai

CA Inter

View Details
Company
16 July 2026
CA Inter, CA Intermediate, CA IPCC, CA CPT , CA SemiQualifie

Vakilsearch.com

Chennai

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details