banner_ad

HUF'S ISSUE

ITR 858 views 3 replies
What if Karta died ??Can successors run the same huf with the same name, by only signatory name change.    
Actually, my client's father died around 10-12 years ago , but my client still runs this huf, actually there have not been so many transactions but in the last F.Y.  there is an Income Tax refund but he lost that HUF pan card & even kyc is also pending in Banks so the refund is still pending. Even not making yet Aadhar card of the karta, Without aadhar NSDL also can't help to reprint of Pan Card. What to do ??
Replies (3)

Hindu Undivided Family (HUF) continues even after the death of the Karta. The eldest coparcener (male or female) automatically becomes the new Karta. The HUF name remains the same; only the signatory for bank accounts, PAN, and filings needs to be updated.

  • PAN Update:
      • Inform the Income Tax Department of the change in Karta.; by submitting new HUF deed. Submit death certificate of the deceased Karta.

File an application with banks and IT department to update Karta details.

Keep documentation ready: death certificate, affidavit of coparceners, proof of new Karta.

 

Update signatory to the new Karta.

  • Income Tax Filings:

Continue filing ITR in the name of the HUF.

The new Karta signs as “representative assessee.”

 

Thank You So Much Sir..................... ................ ........

Regards

You are welcome.               


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
05 May 2026
Accountant

Sanjay K Pathak & Associates

Noida

Graduate (Any)

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
27 April 2026
Senior Accountant

Jyoti K agarwal & co

Mumbai

Others

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details