TaxTMI 
TaxTMI 
Creation of HUF
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....reation of HUF<br> Query (Issue) Started By: - raj malik Dated:- 14-2-2019 Last Reply Date:- 15-2-2019 Income Tax<br>Got 3 Replies<br>Income Tax<br>I wanted to open HUF in name of my father & my mothe....
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....r as second member. Is there any need of any gift or will or ancestral property or i can directly introduce cash as innitial capital for starting the business in name of HUF. Reply By DR.MARIAPPAN G....
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....OVINDARAJAN: The Reply: The concept of HUF is going to be abolished. Reply By CASeetharaman KC: The Reply: The concept of Hindu Undivided Family (HUF) may cease to exist if the proposals of a recen....
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....tly released consultation paper on Reform of Family Law by the law commission are accepted. As of now no such legislation has been made abolishing HUF's however this could happen if the proposals ....
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....are accepted Reply By raj malik: The Reply: As of now i want to create HUF only for tax benifit purpose in which there will be only a business income and no immovable property will be involved.<br> ....
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