Quickly Form Hindu Undivided Family
Contact US
ABOUT HUF
WHAT IS HUF?
The term HUF stands for ‘Hindu Undivided Family’ and comprises of all descendants of a common male ancestor and includes their wives and unmarried daughters. The term of HUF is not defined in income tax law; it is defined under the Hindu Law as a family.
The family continues to exist even after the death of the common ancestor and the next eldest male member becomes the head of the family or the “Karta”. In financial terms, we can call him ‘manager of the family’. Even on the death of all the male members, the HUF continues to exist.
CONDITIONS TO BE FULFILLED TO CREATE AN HUF:
- HUF should only be formed by a family.
- HUF is automatically created for newly added member of the family at the time of their marriage.
- HUF in general consists of a common anscentor and all of his descentors including their dughters and wives,
- Buddhists, Jains, Hindus and sikhs are able to form HUF.
- HUF often has assets which come as will, gift or ancentral property,
- Once the HUF 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.
DOCUMENTS REQUIRED FOR HINDU UNDIVIDED FAMILY (HUF)
- PAN Card
- ID Proof (Driving License/Passport/Voter ID)
- Electricity Bill or any other utility bill for the address proof
PROCESS OF HUF
Upload the Required Documents & Information on our web portal
Choose the appropriate Package and Pay online with various payments modes available
On placing the order, your application will be assigned to one of our dedicated professionals
Our professional team will create draft HUF deed.
We will verify with scrunity the drafting excecutive HUF deed.
On successful creation of HUF deed, you will provided with certificate.
Plans And Pakeges
Basic
Rs.5499
Plus taxes
- Company Name Approval
- Certificate of Incorporation
- Current Bank Account*
- PAN
- TAN
- 2 DIN
- eMOA
- eAOA
- (2 Indian Directors, 2 Shareholders and Authorised Capital of Rs. 1,00,000)
Standard
Rs. 7499
Plus taxes
- Company Name Approval
- Certificate of Incorporation
- Commencement of Business
- Current Bank Account*
- PAN
- TAN
- 2 DIN
- eMOA
- eAOA
- PF Registration
- ESI Registration
- GST Registration
- GST Invoice software
- Documentation Kit
Premium
Rs. 11499
Plus taxes
- Company Name Approval
- Certificate of Incorporation
- Commencement of Business
- Current Bank Account*
- PAN
- TAN
- 2 DIN
- eMOA
- eAOA
- PF Registration
- ESI Registration
- GST Registration
- GST Invoice software
- Documentation Kit
- Website**
- Online Payment Gateway
- (2 Indian Directors, 2 Shareholders, and Authorised Capital of Rs. 1,00,000)
Why Incorpadvisor?
India's Best Achiever Award of 2020
1500+ Startup & SMEs Served Across India
Top 5 Star Google Review & Rating
Record of Highest Company & Trademark Registration
5+ Year of Startup &SMEs Legal Expertise
20+ Expert Team Member At Your Services
250+ Registration Every Month
Best Web Convenience
Frequently Asked Questions
Q. How can a HUF be created? Who can be members of a HUF?
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.
Q. Does HUF arise from a contract?
No HUF arises only from status.
Q. 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.
Q. What is 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.
Q. Can there be HUF with only female members?
Yes. As so long as the property which was originally 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.
Q. Can Karta gift HUF property?
Gift by Karta of HUF, a movable property or an immovable property within reasonable limits in favor of his daughter is permissible on the occasion of her marriage.
Q. 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.
Q. Whether a single person can constitute HUF?
No. A single person cannot constitute HUF. There have to be minimum two members to constitute a HUF.
Q. Will you provide this service in my town?
Yes Incorpadvisor is an online platform serving all over India no matters wherever you are doing business all you need is internet connection on your mobile or desktop and we are ready to get your job done.
Q. Do I need to physically present for the process?
No, You don’t need to be physically present for the process, Incorpadvisor is an online catering platform all you need is an internet connection in your phone/computer and the required documents with you and we can get the job done no matters even if you are present at the remotest location of India
Still have questions?
I you can’t find answers to your questions in our FAQ section, you can always contact us. We will get back to you shortly.
