Sir .
I opened HUF firm my HUF firm name
Manishkumar kalpesh jain.huf
But my name is Manish Kumar Jain .
Is it correct or have to correct on same like karta name
And my child birth date Is 12 /08/2013
But HUF incorporation date is 14/08/2013
Is it correct in future my family face any issue
Please guide...
Regard
Manish
kalpesh is my father name
Have you obtained PAN of HUF?
Yes sir I obitened and filling ItR last 5year
So, no need for any alteration or rectification.
For the lifetime of the HUF, you and your family will have to remember the name and date of formation of HUF as per PAN card data.
Good luck..
Thank you sir for your valuable reply
You are welcome...
Good Luck.
Sir .
When I request for HUF PAN application Then we mentioned 14/08/2013 of my child birth day as date of formation in declaration
but actual birth date was 12/08/2013 because at the time my child addhar card birth date mentioned 14/08.
We update child aadhar card birth date
So need to update HUF Formation date.or no need Please guide.
If you wish, you may apply for its correction in HUF PAN records with all the proof of date change, but if you are ok with 14/08 as HUF formation date, then no need at all.
Dear Sir, My Name is Vikash Kumar and VIKASH KUMAR HUF on HUF Pan card, Now I have changed my name: Vikash Chhillar, Can I updated the same on HUF pan card, if yes please let me know the process.
One more question: Can we name our HUF like CHHILLAR & SONS HUF
@ Vikash
1. No need.... let it continue as it is
2. Not applicable now... It could have been possible while formation.
Dear Sir, I have not understanding the concept of name changing process in HUF Pan Card.
1. Changing HUF name from VIKASH KUMAR HUF to VIKASH CHHILLAR HUF is possible or not?
2. If yes.. can i change it to CHHILLAR & SONS HUF or VIKASH CHHILLAR HUF is the only option?
3. I have a Residential Rental property on My Name and my Mother’s Name which is purchased by my father in 2012, Can I transfer both property to my HUF.
4. Me & My wife also invested in Stock Market with Individual Demat accounts for both, Can we transfer our Investments ( approximately ₹7,50,000) to HUF as a Capital from we start stock market investment by opening HUF Demat account.
5. All income of HUF from Rental, Investment & Business is not clubbing in my Individual income ?
1. Yes, possible, with proper evidence.
2. Possible but with proper evidence.
3. Not possible now.
4. Even if you transfer them to HUF account, by clubbing provisions, the tax liability will not get transferred to HUF account, but the transferrer will have to pay the tax.
5. Check clubbing provisions...
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