Get your HUF deed drafted
Fill in the HUF details and add the documents you have. A Tax Expert drafts the deed for you.
Common questions
What is a HUF?
A Hindu Undivided Family: people descended from a common ancestor, with their wives and unmarried daughters. Hindu, Jain, Sikh and Buddhist families can have one. For income tax it is a separate taxpayer with its own PAN.
Why is a deed needed?
The deed records who the Karta is, who the members are and what the HUF holds. It is the paper used to apply for the HUF's PAN and to open its bank account.
Who can be the Karta?
Usually the senior-most member of the family. A daughter is a coparcener by birth, like a son, and can be the Karta.
How many members does a HUF need?
At least two. A married couple can form one, and children become members by birth.
How is a HUF taxed?
Separately from its members, with its own basic exemption and its own deductions. Only income from the HUF's own funds and assets is HUF income; a member's salary is not. Income from money a member puts into the HUF without getting anything in return is still taxed in that member's hands.
What does the ₹1,499 fee cover?
Drafting the deed from the details you give here. Stamp paper and notary charges depend on your state and are paid by you.
What comes after the deed?
The HUF applies for its PAN, opens a bank account in its own name and moves its funds there. It files its own income tax return each year once its income is above the basic exemption limit.