Comments on: CREATION OF HUF AND FORMAT OF DEED FOR CREATION OF HUF http://blog.mukeshraj.com/2009/05/10/creation-of-huf-and-format-of-deed-for-creation-of-huf/ Advisor to global SME's Thu, 09 Feb 2012 12:12:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Vijay Koli http://blog.mukeshraj.com/2009/05/10/creation-of-huf-and-format-of-deed-for-creation-of-huf/#comment-1601 Vijay Koli Wed, 01 Feb 2012 12:35:00 +0000 http://blog.mukeshraj.com/?p=214#comment-1601 Can a HUF purchase a Insurance Policy from HUF account payment. Can a HUF purchase a Insurance Policy from HUF account payment.

]]> By: Anonymous http://blog.mukeshraj.com/2009/05/10/creation-of-huf-and-format-of-deed-for-creation-of-huf/#comment-1599 Anonymous Tue, 31 Jan 2012 06:01:00 +0000 http://blog.mukeshraj.com/?p=214#comment-1599 Yes, A hindu family having daughter only can continue as HUF. So you can open HUF account even if you have only daughter. Yes, A hindu family having daughter only can continue as HUF. So you can open HUF account even if you have only daughter.

]]> By: Bhavir0812 http://blog.mukeshraj.com/2009/05/10/creation-of-huf-and-format-of-deed-for-creation-of-huf/#comment-1598 Bhavir0812 Mon, 30 Jan 2012 14:51:00 +0000 http://blog.mukeshraj.com/?p=214#comment-1598 if the person has a daugter he open huf account? if the person has a daugter he open huf account?

]]> By: Anonymous http://blog.mukeshraj.com/2009/05/10/creation-of-huf-and-format-of-deed-for-creation-of-huf/#comment-1578 Anonymous Sun, 08 Jan 2012 07:42:00 +0000 http://blog.mukeshraj.com/?p=214#comment-1578 You can change the date of incorporation of HUF by filing PAN Correction form. You can change the date of incorporation of HUF by filing PAN Correction form.

]]> By: amit http://blog.mukeshraj.com/2009/05/10/creation-of-huf-and-format-of-deed-for-creation-of-huf/#comment-1576 amit Fri, 06 Jan 2012 03:40:00 +0000 http://blog.mukeshraj.com/?p=214#comment-1576 Sri mukeshbhai i have been paying incometax under HUF category since 1985.  Till i changed my c.a. from suresh g shah to venus shah in 2002-03,  However,afterwards,it was not paid from 2002 till today.  though huf is a partner in my running partnership firm at mumbai.  When i checked my pan card of huf,i happen to make a mistake ,by putting date of incorporation as birthdate instead of when i started the a/c.  what to do now,pl advice. i want to regularise everything and wish to divide the property to my family members tks ramesh c luthia Sri mukeshbhai
i have been paying incometax under HUF category since 1985.  Till i changed my c.a. from suresh g shah to venus shah in 2002-03,  However,afterwards,it was not paid from 2002 till today.  though huf is a partner in my running partnership firm at mumbai.  When i checked my pan card of huf,i happen to make a mistake ,by putting date of incorporation as birthdate instead of when i started the a/c.  what to do now,pl advice. i want to regularise everything and wish to divide the property to my family members
tks
ramesh c luthia

]]> By: Vinod B Jangam http://blog.mukeshraj.com/2009/05/10/creation-of-huf-and-format-of-deed-for-creation-of-huf/#comment-1552 Vinod B Jangam Thu, 15 Dec 2011 10:19:00 +0000 http://blog.mukeshraj.com/?p=214#comment-1552 Useful & explained in simple language for layman. Thanks Useful & explained in simple language for layman.
Thanks

]]> By: M3R1ASSOCIATE http://blog.mukeshraj.com/2009/05/10/creation-of-huf-and-format-of-deed-for-creation-of-huf/#comment-1522 M3R1ASSOCIATE Sat, 19 Nov 2011 05:56:00 +0000 http://blog.mukeshraj.com/?p=214#comment-1522 i would like to create a HUF but ilike to know that its advantages + dis advantages of HUF... i would like to create a HUF but ilike to know that its advantages + dis advantages of HUF…

]]> By: Anonymous http://blog.mukeshraj.com/2009/05/10/creation-of-huf-and-format-of-deed-for-creation-of-huf/#comment-1496 Anonymous Wed, 12 Oct 2011 08:43:00 +0000 http://blog.mukeshraj.com/?p=214#comment-1496 Yes, you have to execute the deed on stamp paper. Value of stamp paper may vary from state to state. Yes, you have to execute the deed on stamp paper. Value of stamp paper may vary from state to state.

]]> By: vinod http://blog.mukeshraj.com/2009/05/10/creation-of-huf-and-format-of-deed-for-creation-of-huf/#comment-1476 vinod Mon, 26 Sep 2011 11:30:00 +0000 http://blog.mukeshraj.com/?p=214#comment-1476 Sir, From the discussions here, I understand that for an HUF to be able to start functioning and file ITR etc., the following procedure has to be followed: 1. Create a corpus for HUF by obtaining gift from relative (not a member of HUF) for any amount or from any stranger for an amount not exceeding 50k. 2. Obtain a PAN card. Query: a. What about the address and ID proofs. Will documents of Karta would suffice. b. Whether deed or any other details like present members etc. needs to be filed along with PAN application or while filing ITR. 3. Open Bank account 4. Start filing ITR. Sir,

From the discussions here, I understand that for an HUF to be able to
start functioning and file ITR etc., the following procedure has to be
followed:

1. Create a corpus for HUF by obtaining gift from relative (not a member
of HUF) for any amount or from any stranger for an amount not exceeding
50k.

2. Obtain a PAN card.

Query:

a. What about the address and ID proofs. Will documents of Karta would suffice.

b. Whether deed or any other details like present members etc. needs to
be filed along with PAN application or while filing ITR.

3. Open Bank account

4. Start filing ITR.

]]> By: Anonymous http://blog.mukeshraj.com/2009/05/10/creation-of-huf-and-format-of-deed-for-creation-of-huf/#comment-1474 Anonymous Sun, 25 Sep 2011 16:42:00 +0000 http://blog.mukeshraj.com/?p=214#comment-1474 As per Hindu law you need to create a HUF as by birth you get entitle your share in the undivided propery of your grandfather. But for income tax purpose you can create HUF by declaring HUF corpus. So either you receive gift from any relative with clear onstruction that this fund is for your family. Deposit this fund into HUF account and get start investing the money. Pls call me at 09811840707 for any assistance. Mukesh Goel Sent from BlackBerry® on Airtel As per Hindu law you need to create a HUF as by birth you get entitle your share in the undivided propery of your grandfather. But for income tax purpose you can create HUF by declaring HUF corpus. So either you receive gift from any relative with clear onstruction that this fund is for your family. Deposit this fund into HUF account and get start investing the money. Pls call me at 09811840707 for any assistance.
Mukesh Goel
Sent from BlackBerry® on Airtel

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