Hello All,
One of our client has created two Hufs in 1982 with two sons with two different PAN cards.
Is HUF Formation valid?
Thanks in advance.
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Multiple HUFs with same Karta
Replies (4)
Invalid.
Thanks for the answer,sir
He is also filling income tax returns up to date and all Income tax returns are processed properly till time and right now he has share holding in two different HUFs and he wants to take OD against it..How it can be possible ?
He is also filling income tax returns up to date and all Income tax returns are processed properly till time and right now he has share holding in two different HUFs and he wants to take OD against it..How it can be possible ?
Holding two different PAN cards for single HUF entity is illegal, & liable for prosecution. No question of any further comments.
Noted.
Thanks for the time...
Thanks for the time...
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