Proprietorship under the huf with a same pan
Abhay Kumar Sethia
(Querist) 09 June 2018
This query is : Resolved
Dear Sir,
I want to registered a entity under my existing HUF with the same PAN, for trading of goods, and these goods are supporting material for the the main good Manufactured by MY sister concern which is a pvt ltd company. and this Huf is also a director in the said pvt ltd company.
is it a wise decision to frame a proprietorship under the HUF with a same PAN
OR
we shall go for any other form of the entity for our trading business.
Reply at your earliest.
Ms.Usha Kapoor
(Expert) 10 June 2018
The FOREMOST BENEFIT OF HUF IS YOU GET TO AVAIL Extra PAN Card in the name of a new entity
and thus income and income tax can be split into smaller chunks thereby leading to tax saving on a variety of income type.
