Show notes
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 HUF1. PAN of the Karta2. Driving License/Passport/Voter ID3. Electricity Bill or any other utility bill for the address proof4. HUF deedAdvantages 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. So, What is Instade Alogs is all about? It is an audio learning and discussion forum enriching our listeners to get all the valuable insights related to the professional world. You can connect with us on Linkedin | Twitter | Facebook | InstagramWe are Listed on the Below mentioned Platforms, you may subscribe to anyone to get instant updates :Listen on Spotify | Apple Podcasts | Google Podcasts | Castbox | Radio Public | Pocket Casts | Overcast | Breaker



