Formation of Hindu Undivided Family
Form a HUF with Senixa Legal in a very easy & quick way at the nomial price INR 3999/- only.
Step 1
Ready with all documents & draft the HUF Deed
What is an HUF?
HUF means “Hindu Undivided Family”. It is treated as a ‘person’ under section 2(31) of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’). HUF is a separate entity for the purpose of assessment under the Act.
Under Hindu Law, a HUF is a family that consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters. A 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 are treated as HUF under the Act.
Conditions to be fulfilled to create a HUF:
• Hindu Undivided Family should only be formed by a family.
• Hindu Undivided Family is automatically created for a newly added member of the family at the time of their marriage.
• Hindu Undivided Family in general consists of a common ancestor and all of his descents including their daughters and wives,
• Buddhists, Jains, Hindus, and Sikhs can form HUF.
• HUF often has assets which come as will, gift, or ancestral property,
• Once the Hindu Undivided Family is created, the bank account should be created in the name of the HUF. A PAN number will be generated in the name of HUF.
Choose Your Package
Basic
₹ 3999/-
Easy EMI's
Transparent Pricing
Drafting of deed
Franking and Notary of Declaration
PAN
Standard
₹ 5799/-
Easy EMI's
Transparent Pricing
PAN
Drafting of deed
Franking and Notary of Declaration
GST Registration
Premium
₹ 7299/-
Easy EMI's
Transparent Pricing
GST Registration
Drafting of deed
Franking and Notary of Declaration
PAN
1st Income Tax filing for non audit assessee
Steps to form an Company HUF?
FAQs On HUF
How can a HUF be created? Who can be members of a HUF?
The birth of a son in a Hindu joint family automatically makes him a member of the HUF. In view of this, all-male members and unmarried daughters automatically become members of the HUF. In addition to that, if a child is adopted, then he also becomes a member of the HUF. Moreover, upon marriage, a wife becomes a member of her husband’s joint family.
Does HUF arise from a contract?
No HUF arises only from status.
Does HUF include the wives and daughters of the above-said persons?
Yes. A family consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters.
What is the ancestral property?
It is the property, which a man inherits from any of his three immediate male ancestors, i.e., father, grandfather, and great-grandfather.
Can there be HUF with only female members?
Yes. As so long as the property which was original of the joint Hindu family remains in the hands of the widows of the member of the family and is not divided, HUF can continue with female members.
Can Karta gift HUF property?
Gift by Karta of HUF, movable property, or an immovable property within reasonable limits in favor of his daughter is permissible on the occasion of her marriage.
Who can claim a share in the partition?
All members;
A son in the womb of his mother at the time of partition;
Mother;
Wife.
Whether a single person can constitute HUF?
No. A single person cannot constitute HUF. There has to be a minimum of two members to constitute a HUF.
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