Fathers huf account closing procedure guidance needed

Querist : Anonymous (Querist) 26 January 2012 This query is : Resolved
My father passed away this year. He has a huf account. we want to dissolve his huf account or as far as my knowledge it can be tranfered to my brother as he is a male member.
But he does not have a huf pan card or an huf number. Kindly suggest me how to close my father;s huf account

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Raj Kumar Makkad (Expert) 26 January 2012
You all legal heirs can make a joint application to the banker making a request to close the mentioned account and to remit the balance of account to a nominated person among all of you.

DEFENSE ADVOCATE.-firmaction@g (Expert) 26 January 2012
People spend fortune to create HUF to take tax benefits and you want to dissolve.

prabhakar singh (Expert) 26 January 2012
The procedure told and comment passed both appear to be correct.

Devajyoti Barman (Expert) 26 January 2012
nothing to differ ....

Querist : Anonymous (Querist) 27 January 2012
Thank you all for the quick reply. I also want to know who are the legal heirs.

Shonee Kapoor (Expert) 27 January 2012
Nothing left to add.

You are welcome.

Regards,

Shnee Kapoor
harassed.by.498a@gmail.com

prabhakar singh (Expert) 28 January 2012
His mother,widow,sons, daughters all would be heirs.Any issue not alive then their sons or daughters would be heirs in their place.

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