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Hindu Undivided Family

Own a family business and want to pass on the legacy to next generation? HUF is for you. Form an HUF at INR 3999/- only.

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What is an HUF?

All you need to know
What is HUF?

The term HUF stands for ‘Hindu Undivided Family’ and comprises of all descendants of a common male ancestor and includes their wives and unmarried daughters. The term of HUF is not defined in income tax law; it is defined under the Hindu Law as a family.

The family continues to exist even after the death of the common ancestor and the next eldest male member becomes the head of the family or the “Karta”. In financial terms, we can call him ‘manager of the family’. Even on the death of all the male members, the HUF continues to exist.

The term ‘Hindu Undivided Family’ (HUF) is defined under Hindu Law. so it can’t be created by an agreement between two parties, nor can it be formed by a group of people who do not constitute the family. Buddhists, Jains, and Sikhs can also form HUF.

Conditions to be fulfilled to create an HUF:
  • HUF should only be formed by a family.
  • HUF is automatically created for newly added member of the family at the time of their marriage.
  • HUF in general consists of a common anscentor and all of his descentors including their dughters and wives,
  • Buddhists, Jains, Hindus and sikhs are able to form HUF.
  • HUF often has assets which come as will, gift or ancentral property,
  • Once the HUF is created, the bank account should be created in the name of the HUF. A PAN number will be generated in the name of HUF.
Why to choose Bhavitra as your service provider for your HUF formation?

Bhavitra.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Filing online GST Returns is easy, seamless, cheapest, and quickest with Bhavitra.com! Apart from online return filing under GST services, Bhavitra.com also helps you to file Income Tax Returns, TDS Returns, PF Returns, and ESI Returns easily. Contact Bhavitra to know about the GST Return filing process. Inquire for a GST return filing service provider for Online GST returns, Find out when to file a GST return. You may get in touch with our compliance manager at 09643203209 or email info@Bhavitra.com for a free consultation.

Simple Prices No Surprises

Choose your Package

ESSENTIAL

₹ 7399/-

(All Inclusive)

  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • 1 Name Approval Application
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe+
  • Copy of e-MOA & e-AOA
  • E-PAN
  • E-TAN
  • 2 e-copies of Share Certificates
  • ESIC Registration through SPICe Plus
  • PF Registration through SPICe Plus
  • Bank Account opening (feature) through SPICe Plus
Easy EMI's
Transparent Pricing
Checkout

ESSENTIAL

₹ 7399/-

(All Inclusive)

  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • 1 Name Approval Application
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe+
  • Copy of e-MOA & e-AOA
  • E-PAN
  • E-TAN
  • 2 e-copies of Share Certificates
  • ESIC Registration through SPICe Plus
  • PF Registration through SPICe Plus
  • Bank Account opening (feature) through SPICe Plus
Easy EMI's
Transparent Pricing
Checkout

ESSENTIAL

₹ 7399/-

(All Inclusive)

  • 2 Digital Signature Certificates
  • 2 Director Identification Numbers
  • 1 Name Approval Application
  • Stamp duty on INR 1 Lakh Authorized Capital
  • Company Incorporation using SPICe+
  • Copy of e-MOA & e-AOA
  • E-PAN
  • E-TAN
  • 2 e-copies of Share Certificates
  • ESIC Registration through SPICe Plus
  • PF Registration through SPICe Plus
  • Bank Account opening (feature) through SPICe Plus
Easy EMI's
Transparent Pricing
Checkout

Why you should form an HUF?

Points to make your decision easy

Separate Legal Entity

One of the major benefits of the Hindu Undivided Family is that it is considered a separate legal entity. This entitles HUF to obtain a separate PAN card and bank accounts in the name of the HUF.

Tax-Free Gift

monetary gift up to INR 50000 may be received in cash, cheque, draft, etc by an individual/ HUF is free from income tax. Also, a gift by Karta to his daughter on her marriage is expmted from taxation.

HUF Deed

HUF is very easy to form. It comes into existence merely by a HUF Deed. It is a formal legal document on a stamp paper which clearly states the names of the ‘Karta’ and the co-parceners (other members)

Tax Savings

By creating an HUF, you get an additional PAN Card which would be legally acceptable as well as to avail the tax benefits. As the new PAN CARD in the name of an HUF is created, the family can pay its tax individually.

Equal Rights

Each member has an equal right to the property owned by an HUF. New members that get added to the family by way of birth or marriage also have an equal share in the property. An even unborn child in the womb of the mother will have equal rights.

Inheritance

Inheritance can be accepted in Hindu Undivided Family’s name. The legal heir would have a vested interest in the legacy after the death of the person who made the Will, his children are also considered legal heirs to the property so inherited.

Documents Required for Hindu Undivided Family (HUF)

Quick Checklist
  • PAN Card
  • ID Proof (Driving License/Passport/Voter ID)
  • Electricity Bill or any other utility bill for the address proof

How to form an HUF?

5 Easy Steps

1

Complete a Simple Checklist

2

Drafting of HUF deed

3

Verification of Documents

4

Drafting & Executing HUF Deed

5

Obtain PAN & TAN

Fill a Simple Checklist

A Compliance Manager will get in touch with you to obtain your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for processing. All throughout the process, your dedicated Compliance Manager will keep you updated on the progress of your HUF Registration.

HUF Deed

Upon receipt of your documents our team will verify the documents. After verifying the documents, our team will draft a comprehensive HUF deed for your Hindu Undivided Family. A HUF deed contains very important details of address, Karta, members etc. HUF deed will be sent to you for your verification. Once you verify, we will get the same executed.

HUF Incorporated

Upon payment of stamp duty and notarizing the HUF deed, your Hindu Undivided Family is incorporated. Once this is done, we will proceed to apply PAN and TAN for your HUF. On receipt of PAN, you may proceed to open your HUF’s current bank account in which the HUF will receive its payments with a bank of your choice.

FAQs On Private Limited Company

Get answers to all your queries

A Private Limited Company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. But if you are a sole owner, you can incorporate an OPC as well.

A Private Limited Company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. But if you are a sole owner, you can incorporate an OPC as well.

A Private Limited Company must have a minimum of two Directors and can have up to a maximum of fifteen Directors. But if you are a sole owner, you can incorporate an OPC as well.