Instade Knowledge Base (KB)
Instade Knowledge Base (KB)
Instade Knowledge Base
7. Registration of Hindu Undivided Family (HUF)
2 minutes Posted Dec 22, 2021 at 4:30 am.
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HUF business is done by joint families in India where they pool resources from ancestral property. It is headed by Karta of the family who is generally the oldest male member of the family.
Eligibility/Requirements for registration of HUF
· Presence of Joint family.
· Hindus, Buddhists, Jain’s, and Sikhs can form Hindu Undivided Family.
· Presence of ancestral property.
Documents required for registration of HUF
1. PAN of   the Karta
2. Driving   License/Passport/Voter ID
3. Electricity   Bill or any other utility bill for the address proof
4. HUF deed
Advantages of HUF
· Tax benefits.
· Minor can be a member.
· It is recognized in the whole of India except Kerala.
Disadvantages of HUF
· Dissolution on the partition of family.
· All members have equal rights irrespective of anything.
· Any addition to family becomes a member.
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