HUF / HUF DEED

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HUF / HUF DEED

HUF – Joint Hindu Undivided Family Business is a distinct type of organisation which is unique to India. Hindu Undivided Families are the form of organizations has separate legal entity for the purpose of tax assessment. As the name suggests, an HUF is a family of Hindus. However, even Buddhists, Jains and Sikhs are regarded as Hindus, and can, therefore, set up HUFs. The concept of an HUF has basically evolved from ancient Hindu law. The HUFs have been defined under the Hindu law as a family, which consists of male lineally descended from a common ancestor and included their wives and unmarried daughters.

The relation of HUFs arises from the status not from legal contracts. Creating HUFs are the best possible way for an assessee to save taxes.

Documents Required for Registration
PAN Card
ID Proof (Driving License/Passport/Voter ID)
Electricity Bill or any other utility bill for the address proof

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