Quickly Form

Hindu Undivided Family

Own a family business and want to pass on the legacy to next generation? HUF is for you. Form an HUF at INR 3999/- only.

Start With Confidence
CA/CS Assisted | 4.8/5 Rating
GET STARTED

What is an HUF?


All you need to know

The Joint Hindu Family Business or the Hindu Undivided Family (HUF) is a unique type of business entity. It is governed and dictated by the Hindu Law, which is one of the several religious laws prevalent in India.

 

So who all are members of such an organization? Well, any person born into the family (boy or girl) up to the next coming three generations is a part of the HUF. These members are the co-parceners. The head of such a Joint Family Business is the eldest member of the family, the “Karta”. He is the main person responsible for the business and the finances.

 

Promptadvisory.com is a group of highly qualified, experienced and dedicated professionals like Chartered Accountants, Lawyers, Company secretaries and IT professionals who facilitates and make sure to provide the best end to end incorporation services for all types of business organisations. We, at Prompt Advisory also provide all kinds of legal, professional, management and advisory services to our clients in India and abroad. At Prompt Advisory, all the services are very quick, easy and affordable. For more information, you may get in touch with our compliance manager on +91 6352119045 or email info@promptadvisory.com for free consultation.

Registration Fees

Choose Your Package
ESSENTIAL
Rs.3999/-
(All Inclusive)
  • Drafting of deed
  • Franking and Notary of Declaration
  • PAN

ENHANCED
Rs.5799/-
(All Inclusive)
  • Drafting of deed
  • Franking and Notary of Declaration
  • GST Registration
  • PAN

ULTIMATE
Rs.7299/-
(All Inclusive)
  • Drafting of deed
  • Franking and Notary of Declaration
  • GST Registration
  • PAN
  • 1st Income Tax filing for non audit assessee

72269 28355
Call Us
63523 73340
Call Us
info@promptadvisory.com
Email us your query..

Why you should form an HUF?

Points to make your decision easy
Effective management
A Hindu Undivided family is comprised of family members running a business. Like any other organisation, there is scope for disagreements and conflicts. But since the Karta has absolute power and takes all decisions by himself, it will lead to effective management.
Inheritance
Just like a company, the existence of a HUF is perpetual. The death or retirement of one member of even the Karta will not affect it, and it will continue on.
Balance Between Power and Responsibility
Since the co-parceners do not have any effective control over the management of the HUF, and all power lies with the Karta, the liability of the members has also been limited to only their share of the property. This keeps the balance between power and responsibility.

Document Required For Hindu Undivided Family

  • PAN Card
  • ID Proof (Driving License/Passport/Voter ID)
  • Electricity Bill or any other utility bill for the address proof

How to form an HUF?

5 Easy Steps
 

1

Complete a Simple Checklist

2

Drafting of HUF deed

3

Verification of Documents

4

Drafting & Executing HUF Deed

5

Obtain PAN & TAN

 
Fill Simple Checklist
A Compliance Manager will get in touch with you to obtain your documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for processing. Our expert team will verify documents and proceed with registration formalities. All throughout the process, your dedicated Compliance Manager will keep you updated on the progress of HUF Registration.
HUF Deed
Upon receipt of your documents, our team will draft a comprehensive HUF deed for your HUF. A HUF deed contains very important details of address, Karta, members etc. HUF deed will be sent to you for your verification. Once you verify, we will get the same executed.
HUF Incorporated
Upon payment of stamp duty and notarising, your HUF is incorporated. Once this is done, we will proceed to apply PAN and TAN for your HUF. On receipt of PAN, you may proceed to open your HUF’s current bank account with a bank of your choice.

FAQs On HUF

Get answers to all your queries
  How can a HUF be created? Who can be members of a HUF?
Birth of a son in a Hindu joint family automatically makes him a member of the HUF. In view of this, all male members and unmarried daughters automatically become members of the HUF. In addition to that, if a child is adopted, then he also becomes a member of the HUF. Moreover, upon marriage, a wife becomes a member of her husband’s joint family.
  Does HUF arise from a contract?
No HUF arises only from status.
  Does HUF include the wives and daughters of the above-said persons?
Yes. A family consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters.
About us

We facilitates and make sure to provide the best end to end incorporation services for all types of business. We, at Prompt Advisory also provide all kinds of legal, professional,management and advisory services to our client in India and Abroad, At prompt Advisory all the services are very quick,easy and affordable.

Quick links
Subscribe

Get the latest updates and offers.