NAME CHANGE OF HUF

Others 673 views 3 replies

I have recently formed HUF and also obtained PAN card for the same.  For some reason, it is required to change name of the HUF. Is it possible to change name of HUF ? Will it need fresh HUF deed ? or will it need an affidavit for the same ? What document will be needed to submit to NSDL in support for requesting change of name in PAN ? Pls help.

Replies (3)

 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.

dear sir

i appreciate and thank you for your detailed response.

will update after the outcome.

regards.

Hi, Were you able to update the name? Please share your experience. Thanks in advance.


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