CREATION OF HUF, Income Tax

[manoj gupta]

CAN A MALE MEMBER WITH HIS WIFE CAN CREATE AN HUF. CAN A MALE MEMBER WITH HIS WIFE AND DAUGHTER CREATE AN HUF. WHAT IS THE PROCEDURE TO CREATE HUF

Posts / Replies

[rishi mohan]

There is no formal procedure to form a HUF as it is automatically created. As the name suggests, a HUF means a family of Hindus. In order to form a HUF, the family must have at least two members, of which at least one is male. A HUF can also consist of female members, being the wives and unmarried daughters of the male members.