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Hindu Undivided Family.

Hindu Undivided Family (HUF) is treated as a ‘person’ under section 2(31)​ of the Income-tax Act, 1961. HUF is a separate entity for the purpose of assessment under the Act. Under Hindu Law, an HUF is a family 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. A HUF is taxed separately from its members, the deductions under Chapter VI or exemptions are allowed separately. For example, X is an salaried employee, having family house rental income and that family head, he can claim deductions as employee and also as an HUF.

No registration is required to form an HUF, simply you can apply for a separate PAN. CompaniesHouse will help you in getting your HUF PAN application.

For detailed information and documentation you can Click Here

ADVANTAGES.

FAQ

What is HUF?

Hindu Undivided Family (HUF) is treated as a ‘person’ under section 2(31)​ of the Income-tax Act, 1961. HUF is a separate entity for the purpose of assessment under the Act. Under Hindu Law, an HUF is a family which consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters.

Who is Karta of HUF?

The head of a HUF is called the Karta, he is the senior-most male member of the family.

Can a woman be HUF Karta?

Yes but Income tax department has to clarify this.

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Who are HUF coparceners?

The male members of HUF are called coparceners. Gender descrimination is removed by Hindu Succession Amendment Act, 2005 and as per this the daughts become the coparceners of their father's families by birth.

How many members are required to form an HUF?

Two. One of whom should be coparcener. As per income tax act, an HUF can be treated as person when it has atleast two coparceners.

What is the residential status of HUF?

The HUF may be resident or non-resident and as per the residential status the tax return is filed.

If the Karta demises, who will take care of HUF?

The eldest male member of the HUF will become Karta of that HUF.

DOCUMENTS REQUIRED

  • Karta Photos
  • Karta PAN
  • Karta ID Proof: Aadhaar/Voter Id/Passport
  • Karta Address Proof: Aadhaar/Voter Id/Passport

PRICING & DELIVERABLES

Economy Plan

HUF Registration

Rs2,999/InclTax
EMI OPTION
  • HUF PAN
  • Individual PAN
  • HUF TAN
  • individual TAN
  • ICICI Current Banking Account
  • GST Registration
  • Free GST & Accounting Software
  • Free GST e-Way bill Software
  • All Business Documents free

Notes:

  1. If the HUF pan is lost, an additional amount of Rs. 300 will be charged.
  2. If Karta of HUF is NRI, then an additional amount of Rs. 10,000 will be charged.
  3. In case of Annual Compliance, the govt challans will be born by the client.
  4. Audit fee is at actuals on annual basis.

WHAT CLIENTS SAYS?

You are truly experienced in Company Registrations. Keep it up!

Ram Kumar Chilukuri Director, Anewa Engineering Pvt Ltd 02.06.2016

Thanks for your continuous support. God bless you!

Nrupesh CFO, Blujay Solutions Private Limited 14.06.2016

Thank you CompaniesHouse for saving in Income Tax!

Avtar Singh Managing Partner, Chetak Transporters 25.06.2016

We are surprised to get our Company registered in one day. Thanks to you guys!

Mohammed Fasiuddin Director, Avidus Engineering Private Limited 29.06.2016

Thank you for the initial discussion as we choose best business format!

Lakshmi Keerthi Reddy Director, Lavanar Sea Food Farming Private Limited 01.09.2016

Thank you CompaniesHouse for reminding on timely statutory compliance!

Rambabu Director, Cybervillage Solutions Pvt ltd 05.09.2016

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