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HUF FIRM NAME

Kalpesh Ghelot (32 Points)

04 June 2023

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

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11 Replies

Kalpesh Ghelot (32 Points)
Replied 04 June 2023

kalpesh is my father name

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 29 July 2023

Have you obtained PAN of HUF?

1 Like

Kalpesh Ghelot (32 Points)
Replied 03 August 2023

Yes sir I obitened and filling ItR last 5year

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 03 August 2023

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..

1 Like

Kalpesh Ghelot (32 Points)
Replied 03 August 2023

Thank you sir for your valuable reply

1 Like

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 04 August 2023

You are welcome...

Good Luck.

Kalpesh Ghelot (32 Points)
Replied 15 August 2023

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.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 15 August 2023

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.

Vikash Chhillar (4 Points)
Replied 08 January 2024

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

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 09 January 2024

@ Vikash

1. No need.... let it continue as it is

2. Not applicable now... It could have been possible while formation.

Vikash Chhillar (4 Points)
Replied 12 January 2024

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 ?