hey
can any one tell me the procedures to create and form a new huf
is there is any affidavite is required if yes what is the contents of the same
regards to all
CA Aashish
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PROCEDURES TO CREATE HUF
Replies (34)
HOW TO CREAT HUF
WHICH FORMAT REQUIRED TO HUF
WHAT IS PROCESS
Kindly help me with formation of HUF and also with the Deed of Declaration required for the same. Its kind of very urgent for me.
Thanks a lot
1) Get a cheque from your parents or relatives of any amount
2)form a deed for creating HUF (right now no format but will provide soon)
3) Apply for PAN card, giving deed and other proofs.
4) on getting pan apply for huf account with bank
yours huf is formed, remember only a married can form HUF
PROCEDURES TO CREATE HUF
HUF is not as per any law. It is in indian tradition only. So, it is not to be formed by any deed like we do in partnership. It is formed by nature. to start you have to just open a bank account. then start transaction as like seperate entity
Is the view given by Kirti true? Anyone reading the post now, plz give your opinion
YES. view given by kirti is correct. But practicaly HUF is formed by receiveg cash gift of Rs. 5000/- to 20000/- from any relative of Karta.
plz give details in more abt HUF and its
HUF Can be crated only by two ways
1. either from the ancesteral propery or
2. by gift in favour of HUF. and in this gift deed following point to be noted.
a) it is to be clearly mentioned that gift is for the benifit of family of Mr. X cnosisting of .........
b) name of every member should be there.
and no other way for crating the HUF in my opinion.
Pushpendra's answer perfect and such ways to creat HUF and after that follows legal formalities like pan card etc.,
A am very thankfull if you forword me formet of HUF Deed to submit Bank
respected sir,
Kindly help me for creating new HUF file and oblige.
please send the huf deed for income tax purpose and for obtainining kyc
CAN ANY BODY SENT ME FORMAT OF HUF DEED AT sanjay_ca25 @ yahoo.com
Thanks
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