HUF means HINDU UNDIVIDED FAMILY wherein the Family is treated as a Business Entity. Definition (1) - Hindu Undivided Family (‘HUF’) is treated as a ‘person’ under section 2(31) of the Income-tax Act, 1961 (herein after referred to as ‘the Act’). HUF is a separate entity for the purpose of assessment under the Act. HUF is applicable only for Hindu Families, which consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters. An HUF cannot be created under a contract, it is created automatically in a Hindu Family. Jain and Sikh families even though are not governed by the Hindu Law, but they are treated as HUF under the Act.

Definition (2) - A HUF is taxed separately from its members, therefore, deductions (such as under Section 80) or exemptions allowed under the tax laws can be claimed by it separately. For example, if you and your spouse along with your 2 children decide to create a HUF, all 4 of you as well as the HUF can claim a deduction for Section 80C. HUF is usually used by families as a means to build assets.

What is included in our Package

  • 1 HUF Agreement/Deed Drafting
  • 2 PAN Registration of Entity
  • 3 TAN Registration of Entity
  • 4 GST Registration of Entity
  • 5 MSME Registration of Entity

Procedure for HUF REGISTRATION

  • Step 1 Submit all the required documents to our team
  • Step 2 Deed Drafting
  • Step 3 Application Preparation
  • Step 4 Application Filing
  • Step 5 Complete

Documents required for HUF REGISTRATION

  • 1 Copy of PAN Card of all the members of Family
  • 2 Copy of Photo ID Card of all members of the Family such as (Aadhaar Card/Voter ID/Passport/Driving Licence)
  • 3 Proof of ownership (Such as Electricty Bill or any other Utility Bill)
  • 4 Recent Colored Photo of the Karta (Head of the Family)

HUF means HINDU UNDIVIDED FAMILY wherein the Family is treated as a Business Entity. Definition (1) - Hindu Undivided Family (‘HUF’) is treated as a ‘person’ under section 2(31) of the Income-tax Act, 1961 (herein after referred to as ‘the Act’). HUF is a separate entity for the purpose of assessment under the Act. HUF is applicable only for Hindu Families, which consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters. An HUF cannot be created under a contract, it is created automatically in a Hindu Family. Jain and Sikh families even though are not governed by the Hindu Law, but they are treated as HUF under the Act.

Definition (2) - A HUF is taxed separately from its members, therefore, deductions (such as under Section 80) or exemptions allowed under the tax laws can be claimed by it separately. For example, if you and your spouse along with your 2 children decide to create a HUF, all 4 of you as well as the HUF can claim a deduction for Section 80C. HUF is usually used by families as a means to build assets.

What is included in our Package

  • 1 HUF Agreement/Deed Drafting
  • 2 PAN Registration of Entity
  • 3 TAN Registration of Entity
  • 4 GST Registration of Entity
  • 5 MSME Registration of Entity

Procedure for HUF REGISTRATION

  • Step 1 Submit all the required documents to our team
  • Step 2 Deed Drafting
  • Step 3 Application Preparation
  • Step 4 Application Filing
  • Step 5 Complete

Documents required for HUF REGISTRATION

  • 1 Copy of PAN Card of all the members of Family
  • 2 Copy of Photo ID Card of all members of the Family such as (Aadhaar Card/Voter ID/Passport/Driving Licence)
  • 3 Proof of ownership (Such as Electricty Bill or any other Utility Bill)
  • 4 Recent Colored Photo of the Karta (Head of the Family)

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