Overview
A HUF is a unique entity under Indian tax law, created by a Hindu family to manage inherited property and optimize taxes. It’s ideal for family businesses.
Process
- Prepare & execute HUF Deed
- Apply for PAN in HUF name
- Open HUF bank account
- Commence family business operations
Documents Required
- PAN & Aadhaar of Karta and members
- HUF Deed
- Proof of residence
Time Required
⏳ 5–7 working days
Key Benefits
- Separate tax entity
- Continuity of family business
- Tax efficiency and wealth planning