dear all
please share format of HUF deed,
and how much amount stamp paper required for application of PAN?
HUF CREATION DEED
DECLARATION BY KARTA
I, [insert name of Karta – oldest male member], son of [insert fathers name of Karta, insert his address], aged [insert age], do hereby declare:
That I am Karta of an HUF namely [insert surname/family name] family residing in the above mentioned house consisting of me and my wife [insert wife’s name, and also names of children and other family members if there are any];
That I received on behalf of the HUF gift of Rs. [Insert amount] by way of CASH/CHEQUE from my FATHER [Insert Fathers name] on [insert date] which formed the corpus of the HUF;
That the HUF at present is consisting of the followings members:
1. [Insert Karta’s name], [Adult], [insert complete address] and
2. [Insert name of Karta’s wife], [Adult], [insert complete address] and
3. [Insert name of children if any] [Minor], [insert complete address];
That the above statements are true to the best of my knowledge & belief.
[Insert Karta’s name]
Sd/-
Date: [Insert date month and year]
WITNESS 1:
[Insert name of Witness 1], resident of [Insert Address of Witness 1]
WITNESS 2:
[Insert name of Witness 2], resident of [Insert Address of Witness 2]
Along with the HUF Creation deed, a gift deed and an acknowledgement of the gift received also needs to be executed.
Earlier, a Rs 100 stamp paper was required for the affidavit while applying for the PAN but I'll still recommend you to cross check it once.
CAclubindia
