Master in Accounts & high court Advocate
9610 Points
Posted on 28 November 2024
Changing the name of an HUF is possible, but it requires certain procedures to be followed.
Here's a step-by-step guide to help you:
1. *Modify the HUF Deed*: You'll need to modify the existing HUF deed to reflect the new name. This can be done by adding a supplemental deed or an amendment to the original deed.
2. *Execute an Affidavit*: You may need to execute an affidavit stating the reason for the name change and acknowledging the modification to the HUF deed.
3. *Obtain Consent*: Get consent from all coparceners (members) of the HUF for the name change.
4. *Update the PAN Card*: To update the PAN card, you'll need to submit the following documents to NSDL: a. *PAN Change Request Form* (available on the NSDL website) b. *Modified HUF Deed* (or supplemental deed/amendment) c. *Affidavit* (if required) d. *Consent letters* from all coparceners e. *Copy of the existing PAN card* f. *Address proof* (if the address has changed) 1. *Submit the Documents*:
Submit the above documents to an NSDL collection center or authorized PAN center.
Please consult with a chartered accountant or legal expert to ensure you follow the correct procedures and submit the required documents.
Additionally, it's recommended to keep a record of all correspondence and documents submitted for future reference.
Remember to update your HUF's bank account and other relevant records with the new name to avoid any discrepancies.