HUF

Yes, the HUF can be formed

Thank you mr. vishal. Can you through some more light on the subject. I would like to know as to which time is treated as the formation of HUF.The date of Birth of a child or on the receipt of gift for the formation of HUF.

Dear freinds

My client's father has died on 26/5/2010 and his status was HUF in the firm'sbooks of account. My client is also having H U F status as partner and individual as Depositor status in the books of account. Shall my client credit the agriculture income of his father who's status is HUF. Whether such credit should be in cash or in cheque. Let me pl inform

yes it can, because the act says that it can be made through gift, and the gift can not be valued at any price. so it can be made by any amount of gift.

hemant bahri (itp)

9417047668

hamentbahri@gmail.com