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Drafting HUF + Udyam + GST
3499 /All inclusive price
Hindu Undivided Family (HUF)
Hindu Undivided Family (HUF) is a unique type of business entity. Any person born into the family (boy or girl) up to the next coming three generations is a part of the HUF. These members are the co-parceners. The head of such a Joint Family Business is the eldest member of the family, the “Karta”. He is the main person responsible for the business and the finances.

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    How is HUF formed?

    A HUF comes into existence automatically after the marriage of an Individual and birth of 1st child and only a HUF creation deed on a stamp paper is required to recognize it as HUF for the purposes of Income Tax Act 1961. Consequently, a separate PAN card should be obtained for the HUF and a separate bank account should be opened in the name of the HUF.

    Heads of Income For HUF
    • Income from House Property
    • Income from Other Sources
    • Capital Gains
    • Profits and Gains of Business or Profession

    Since HUF is an artificial person it cannot earn income from salary