PAN Card For HUF?

Question

I and my wife are salaried employees. As we both have individual PAN cards. I want to open HUF PAN card. Weather we can get a new PAN in HUF's name? If so what sud be the name of the HUF? if it will be in my name? If so then there will be two PAN cards in my name, one for individual and one for HUF. Then is there any problem?

Plz seggest

Answer 1

What u mean as HUF. Its Hindu Undivided Family

HUF pan card will be got in the head of the HUF called as karta

For further info

http://calculatetax.blogspot.com/

http://taxation-suchithra.blogspot.com/

Answer 2

You can apply for the PAN Card for the HUF. You can apply it with your name with the capacity of Karta of HUF. HUF must be affixed with your name. for example , if your name is Ram Kumar, then you can apply for the Pan Card with the name of `Ram Kumar HUF` in the capacity of Karta

Answer 3

My dear freind RAm,

do not get confused of all these reply. Mr murgan is correct.

to make HUF you should have a son. unless you have a son you can not make HUF.

IF you have a son then HUF can be created by making a declaration on a stamp paper of Rs 10/-. for format you can apporach a local lawyer or send me an e mail at [e-mail].

After making this declaration you can sign the PAn application as KARTA of HUF and have a PAN Card .

Answer 4

there is no problem if u hold two pan card one in as individual capacity and other as huf, name of ur huf will be xyz (huf). yes you will get the new pan in the name of ur huf

Answer 5

huf cards aare issud to  the head of hindu joinded family where the property of the father and male chilldren or there of the brothers are maintained by the head in the joined manner and the profit fromthose are shared among them .in your case u and ur wife dont come under thsi and i dont this huf is possible consult a good auditor

Answer 6

You both are considered only as Individuals, and therefore you cannot get a PAN card for a HUF consisting youself and your wife. A Hindu Undivided Family, will come in to picture only when there is a joint right entitlement of a family asset aquired from forefathers or a family business carried on for the benefit of the members of a family. The HUF is represented by the Kartha of the family, and he can obtain a PAN card for the HUF to which he belongs.

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