As the name suggests, an HUF is a family of Hindus. However, even Buddhists, Jains and Sikhs are regarded as Hindus, and can, therefore, set up HUFs
There are some essential conditions that must be fulfilled to qualify as an HUF. These are outlined below:
Only one member or co-partner cannot form an HUF; .
The joint family continues even in the hands of females after the death of the sole male member;
An HUF need not consist of two male members. One male member is enough. For example, a father and his unmarried daughters may form and HUF.
We help our clients in forming HUF.
We help our clients in forming HUF. |
