Multiple HUFs with same Karta
virag (Account and Tax consultant) (115 Points)
29 January 2019One of our client has created two Hufs in 1982 with two sons with two different PAN cards.
Is HUF Formation valid?
Thanks in advance.
virag
(Account and Tax consultant)
(115 Points)
Replied 29 January 2019
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 29 January 2019
Holding two different PAN cards for single HUF entity is illegal, & liable for prosecution. No question of any further comments.
virag
(Account and Tax consultant)
(115 Points)
Replied 29 January 2019
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