HUF PROPERTY PURCHASE

If he uses it at the HUF, he can.

HUF can purchase and own any number of properties through its Karta.

An HUF can have maximum of two properties as self-occupied properties in case these are actually occupied by the family members. In case the HUF owns more than two properties and these are occupied by the members for their use, the HUF has to treat any two properties as self-occupied and rest of the self-occupied properties shall be treated as deemed to have been let out and notional rent in respect of such deemed to have been let out properties has to be offered for tax even no rent is received in respect of such properties. So you can buy any number of properties on behalf of your HUF either for self-occupation purpose or as an investment.

A HUF Demat account can be opened, and trading and investment may be undertaken by a HUF. In addition, the HUF may trade and invest in securities and hold these in the Demat account as well. It is important to note that the HUF, as a single unit, will also possess a PAN card.

Yes, it can be purchased in the name and account of HUF ?

Do you have any dispute / problem / query ?

You have not posted the complete facts.

Yes, HUF can purchase immovable and movable properties .