Ideal where businesses were controlled by family
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A Hindu Undivided Family (HUF) is a distinct legal entity recognized under the Income Tax Act as a separate taxable unit. Historically, when businesses were primarily family-run and passed down through generations, the HUF served as the legal structure to facilitate this transition. Rather than being owned by an individual, the business was collectively owned by the family as a whole.
You are required to place the Enquiry and fill your details in our simple questionnaire
You can submit the documents by email or whatsapp and we will verify the same
We will create all the required documents and file them with the appropriate authority
We will send the important certificates which identify you as a proprietor
Any Indian Hindu male with another member of family can form an HUF to either run his own HUF or to carry on Proceeds of divided HUF from his father or forefathers.
Generally the eldest of family known as Karta manages the HUF.
Male members of an HUF are coparcener, recently even daughters are also equaled as coparceners however wives of son are member and can’t demand dissolution. So Coparceners are special members of HUF who can demand partition. However only Member can’t demand partition.
Male members of an HUF are coparcener, recently even daughters are also equaled as coparceners however wives of son are member and can’t demand dissolution. So Coparceners are special members of HUF who can demand partition. However only Member can’t demand partition.
Yes like individual HUF can have Deductions under Section 80C.