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Please Help: Income tax

Posted Date : 28-Jul-2011 , 09:45:29 am | Posted By: CA VIPIN GARG

Category : Income Tax | Answers : 6| Comments : 3| Hits: 611

Hi ALL, My question is whether two members can create HUF i.e. Husband and Wife. Please explain properly.

Answers:
   Answer by: CA. Sachin Data
As per my opinion, Husband and Wife cannot create HUF.
   Answer by: CA Rajnish
If there is any male member who has right to get some share from ancestral property and even seperate mele member with wife can creat HUF.One Male member is required.
   Answer by: CA ANKUR KAPIL
yes can create
   Answer by: CA.Khurana Vivek
Yes Husband & Wife can create HUF.
   Answer by: CA Rajnish
Vipin Ji,its all clear that husband and wife creat HUF.Please go through the income tax Act for HUF chapter.
   Answer by: Ketan Samdani
To create HUF a husband and wife is required and then a bank account needs to be opened. Then PAN card can be obtained.
Comments
Posted By : CA. AMIT GUPTA 04-Aug-2011, 01:29:56
A husband & wife cannot create new HUF. One male sibling is necessary for creating new HUF e.g by getting gift etc. Of course, a new HUF with husband and wife can get created if some share is devolved into it from higher HUF on its complete partition.
 
Posted By : CA VIPIN GARG 29-Jul-2011, 12:22:08
Thanks to all my respectable for delivering their expert and valuable advise
 
Posted By : CA VIPIN GARG 28-Jul-2011, 03:53:03
All respectables, as yet i am not able to get one opinion so please give me references for your answer so that i will be able to find exactly the right answer
 

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