Query huf

1. Yes you can start a HUF within your family members.

2. Your wife will be having rights as your legal heirs to claim her legitimate share in the property on your name.

3. Yes

4. there is no impediment to starting a new HUF by gift from family members.

Rental Income from property: Rental income from a property could be received on behalf of a HUF instead of an individual account. Business Income: Profits generated out of the family business, in the name of a HUF, shall be taxed accordingly and exemptions will give more leverage on tax saving.

I agree with the advise of expert Mr. T Kalaiselvan.

You may create HUF however, she cannot succeed you as Karta of the HUF after your death.

In an HUF, both male and female members have legal rights to the property. So, even after your demise, your wife will have a legal right to the property as a member of the HUF. The property rights within the HUF are not solely determined by gender but rather by the status as a coparcener or member of the HUF and haunt the house is the same.

Yes, all the members of the HUF can contribute to the HUF account from their individual bank accounts. However, it is recommended to maintain proper records and documentation of these contributions for transparency and legal compliance.