If you are a married member of a Hindu joint family and wish to obtain a PAN card for your HUF in India, you will have to fill out new Application Form No. 94 (Indian Entity) for PAN allotment. The New PAN Card Application form for HUF form No. 94 (Indian Entity) has been implemented
In this blog, we have explained in very simple language about the documents required, process, benefits to apply PAN card for a minor online.
HUF deed registration A document prepared in accordance with Hindu law and section 2(77) of the Income Tax Act, 2025, detailing the Karta, members, and coparceners of a Hindu Undivided Family (HUF) and the legal terms and conditions for its operation called a HUF deed. Notarizing the draft HUF deed with stamp paper completes the
Filing Income Tax Return (ITR) for a HUF A Hindu Undivided Family (HUF) possesses its own distinct PAN card and bank account. The process of filing Income Tax Return (ITR) for a HUF differs from that of its members and coparceners. If, in any tax year, the income of a HUF exceeds the exemption limit
Stamp Paper for HUF deed To bring a Hindu Undivided Family (HUF) into existence, a HUF PAN card, a HUF deed, and a bank account are required; this entire process is also referred to as HUF registration. A drafted HUF deed acquires legal validity only when the applicable stamp duty has been paid and it
What is HUF registration for Income Tax Year 2026-27? In India, any married person belonging to the Hindu, Buddhist, Sikh and Jain caste and community, who makes a legal HUF deed as per Hindu law and obtains a PAN card for a Hindu Undivided Family (HUF) under the Income Tax Act between 1st April 2026
The HUF (Hindu Undivided Family) also includes certain castes and religions, primarily Hindus, Sikhs, Jains, and Buddhists. Families belonging to these specific castes and religions are permitted to obtain a separate PAN card, called the HUF PAN card. From an income tax perspective, the HUF PAN card identifies not just one individual but a joint
Meaning of HUF A Hindu Undivided Family (‘HUF’) also known as a “Hindu Joint Family.” Under the Hindu law, the HUF (Hindu Undivided Family) plays a crucial role in the rights and division of ancestral property. Establishing, registering, or simply having a Hindu Undivided Family (HUF) in existence is a crucial and necessary step for
Introduction of GST The full form of GST is Goods and Services Tax. GST was implemented in India on July 1, 2017. Prior to this, Value Added Tax (VAT) and Service Tax were levied as indirect taxes on goods and services across all states in India. The main objective of the Indian government in implementing
HUF Account in India Making a HUF deed, obtaining a PAN card, opening a bank account for transactions, and filing income tax returns (ITR) all fall under the HUF account in India. HUF stands for Hindu Undivided Family or Hindu Joint Family. Under the Income Tax Act in India, a Hindu Undivided Family (‘HUF’) is