HUF

Background:
A hindu undivided family is a 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. A HUF is a tool of tax planning wherein a taxpayer can save taxes by creating a family unit and pooling in assets to form a HUF. A karta is the head of the HUF and is responsible for day to day operations. Other members in a HUF are called coparceners.

Procedure:
1. File an affidavit
2. Apply for PAN card

Information & Documents Required:
1. PAN card of the karta and the coparceners
2. Aadhaar card of the Karta
3. Registered office address of the HUF.