Hindu Undivided Family (HUF)

A Hindu Undivided Family (HUF) is a legal entity recognized under Indian law, allowing Hindu families to come together as a single unit for tax and financial purposes. It enables families to pool income and assets under one umbrella, ensuring better financial planning and offering significant tax benefits. By forming a HUF, families can create a separate tax entity, helping reduce their overall tax liability. This structure is especially beneficial for managing ancestral wealth, family-owned businesses, and investments.

CA Dhiraj Ostwal, a reputed Chartered Accountant based in Mumbai, specializes in seamless HUF formation and compliance services. With a deep understanding of income tax laws and Hindu personal law, he ensures that your HUF is set up correctly with proper documentation and legal formalities. From applying for a PAN card for the HUF to helping you file annual returns, CA Dhiraj offers end-to-end support. Whether you're looking to save taxes, structure your wealth, or manage joint family finances, trust CA Dhiraj Ostwal for expert advisory and reliable execution tailored to your family’s needs.

 

Eligibility:

• Only Hindu, Sikh, Jain, or Buddhist families can form a HUF.

• There must be a minimum of two family members (a Karta and at least one coparcener).

• The family must be undivided and have joint ownership of ancestral property or income.

Documents Required:

• PAN card and Aadhaar card of Karta

• Address proof of Karta (e.g., electricity bill, rent agreement)

• HUF declaration deed (on stamp paper)

• HUF PAN card application (Form 49A)

• Bank account opening documents (KYC documents, HUF deed, PAN)

• Passport-size photographs of all members

• Signature of all coparceners (where required)

 

Start your HUF and unlock tax-saving benefits with the expertise of CA Dhiraj Ostwal, Mumbai. From registration to compliance, get end-to-end support in forming and managing your Hindu Undivided Family