How to Obtain a Hindu Undivided Family (HUF) Certificate?

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How to Obtain a Hindu Undivided Family (HUF)
Certificate?
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Introduction
In India, the Hindu Law recognizes the Hindu
Undivided Family (HUF) as a legitimate
institution. It is a key tool in asset management
and tax planning, consisting of people who are
descended from a common ancestor. Obtaining HUF
certificate is a necessary first step if you want
oversee or create a HUF. This document, which
officially acknowledges the HUF, is acceptable
for a number of legal and financial uses.
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An Overview of HUF Understanding
All individuals who are lineally derived from a
common ancestor, including their wives and
unmarried daughters, are considered to be members
of a Hindu Undivided Family (HUF). As per Hindu
Law, a Buddhist, Sikh, Jain, or Hindu family may
form a HUF. The main benefits of creating HUF
Affidavit are asset protection, tax advantages,
and effective estate planning.
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• Tax Savings
• Estate Planning
• Asset Protection

The main advantages of HUF
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Step 1
Formation of HUF
Step 2
Apply for a PAN Card for HUF
How to Apply for a HUF Certificate
Step 3
Open a Bank Account
Step 4
Draft an Affidavit for HUF
Step 5
Obtain the HUF Certificate
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