Dear Priyanka , It has been after very long time since you left cnbc am hearing you.All the best for your new venture and wish you attended great heights .
Very Interesting topic. I learnt a lot by watching this. The anchor is very professional and keeps the things very simple. Asks the right questions. The expert is also very knowledgable and explains nicely. Thanks and Best wishes...
Amazing video, brilliantly prepared points and explained it very clearly. Randomly clicked on this video and watched it without minimizing and scrolling for any other video. Now, I'm thinking of forming HUF. Great Job to entire Team👍
hats off sir. aisa gyan india me har taxation angle ka, har sarkari scheme ka dene wala koi ho to sahi matne me desh ki progress ho sakti hai. kahi practitioner stereo type practice kar ke apne client ko ye fayde nahi pahucha sakte. N bade practitioner ke pass woh ja nahi pata n nahi bade practitioner ke pass etna samay hota hai. good n excellent knowledge given by you sir. maine Huf create to kar li 15 year back par uska benefit for taxation leunga abb. bahut bahut dhanyawad dhanyawad dhanyawad Sir n Mdm.
While selling HUF property, purchaser’s bank insists that all coparceners should sign the sale deed, although Karta has the powers. In case of minor coparceners, situation gets more complicated if banks insists on Courts order.
Questions I appreciate if you can answer Q1 Can Salaried couple create HUF or it is beneficial for business Q2 Can couple who are working in MNC or Ltd company who have already shared individual PAN, and tax is getting deducted under that PAN, can we change to HUF PAN? Q3 If Wife is under 10% tax bracket and Man is under 30% bracket is it wise to get HUF and can company accepts this HUF pan Q4 can salaried family has to file single itr as currently I file itr2 and my wife files itr 1?
Priyanka mam, after a long time seen u on a very imp subject , which, many people don't know / understand. U r way of presentation is excellent. Thanks to Dr. Deepak for his explanation. One more interview , pl. Make a video for sr. Citizen , how they can give their valuable time / knowledge for Aam Admi.
Thanks a lot for briefing on HUF. I have just formed the HUF. My first question is regarding funding of the newly opened HUF account. We never had HUF in my family. My father and mother died forty years ago, leaving some money to be distributed among my brothers and sisters. The said sum was invested, however as of now I have no proof to show that it was a distributed property. Naturally at this stage I have no option except to fund the account from my own account. Please let me know if there is an alternative to this, so that the funds are not capitalised in my personal account. Secondly can as a Karta, I can withdraw money without any restrictions. Thanks n regards Surendra Chelawat
Question: Can and how does a member/coparcener/karta transfers money from his/her bank account to the bank account of the HUF, for acquiring assets like shares, mutual funds, bonds, deposits etc.: 1) Does such transfer requires a gift deed or other documentation? 2) Does the clubbing provision applies on the income (dividend/capital gains/interest) that is earned by HUF, from the assets acquired by HUF, from the capital that the HUF got from such transfers?
Thanks for useful information. I have one query, If we transfer any property to huf, then it reqd gift deed, which reqd stamp duty to be paid. And any income from that property will be clubbed. So, how does it become beneficial ?
Excellent show and discussed in detail. Please elaborate on how the initial capital of HUF can be created. Can it be shared by only Karta or also by its members and coparceners. For example can I gift an xxx amount every year to HUF, so that it's capital can be created. What would be the tax implications. Second question: how do we define whether HUF is formed under Mitakshara or Dayabhaga. Is it defined in initial declaration. Lastly, pls also help how a HUF can be dissolved. Whether Karta can decide for dissolution in his lifetime. Also, would like to see more practical questions on this topic, so that there is clarity on real life situations.
Thank you for very detailed information. Could you please clarify that if The Karta sold the house property and with that cash he can create HUF and transfer the money to HUF.
Plz answer 2 questions in next video - 1. In my huf will my mother or father will be either member or co-parcener considering my mother or father do not have their own huf 2. If my son is co parcener in my huf and he gets married and creates his own huf will then can he do so and will after his huf will he still remain part of my huf
By taking Gift in HUF - you can create the capital of HUF... Once enough capital generated - earn the Income on that Capital - show in each year of HUF's Income Tax Return .... So slowly you can create good amount of Corpus in the HUF... That HUF Corpus / Money can be used for the purpose of buying of property or purchasing shares.
By taking Gift in HUF - you can create the capital of HUF... Once enough capital generated - earn the Income on that Capital - show in each year of HUF's Income Tax Return .... So slowly you can create good amount of Corpus in the HUF... That HUF Corpus / Money can be used for the purpose of buying of property or purchasing shares.
Thank you for this very clear and pointed elaboration on HUF. Kindly include in the next episode the process of transferring and buying property and adding other assets under HUF. Can the HUF buy land? And if so, then what is the procedure please?🙏
By taking Gift in HUF - you can create the capital of HUF... Once enough capital generated - earn the Income on that Capital - show in each year of HUF's Income Tax Return .... So slowly you can create good amount of Corpus in the HUF... That HUF Corpus / Money can be used for the purpose of buying of Land or property.
@@caamolkasat6043 Thank you for the kind revert. It is very helpful. Can my mother gift my huf a piece of land which is registered in her name please? And if so, could it then get registered in huf name on the basis of that gift certificate? what procedure should we follow? Will greatly appreciate any guidance please. Thanks again
Very well explained. My question is that my huf formed before 2001,my daughter was not coparsner or member , will she become coparsner automatically or as per law at that time will applicable ?
Suppose A, B and C are three brothers aged 24, 21, 18. A transfers sum 10 lacks to B and B transfers to C and then C gifts it to the HUF of A who gets married to D. In the HUF of A, C will not the member right ? Will provisions for clubbing of income be applicable.
Mam, very informative , my one query how to fund HUF without member being taxed (like Gift Tax)? second in first year of formation of HUF is whole fund (20lac) transferred to HUF account , is it tax free?
Hello After making HUF, can we do the following : 1. Transfer our flat to huf name? 2. Can we pay rent to huf? 3. Can we claim hra as per income tax rules?
Very interesting. Does a married daughter continues to be a coparcener in father's HUF? And does daughter in law automatically become a member if HUF which is created 20 years before her marriage?
Any property can he purchased from the funds of Huf in the name of any coparcener or member and when property sold out in future then capital gain generated will be taxable in the hand of huf or such member or coparcener?
By taking Gift in HUF - you can create the capital of HUF... Once enough capital generated - earn the Income on that Capital - show in each year of HUF's Income Tax Return .... So slowly you can create good amount of Capital in HUF
By taking Gift in HUF - you can create the capital of HUF... Once enough capital generated - earn the Income on that Capital - show in each year of HUF's Income Tax Return .... So slowly you can create good amount of Capital in HUF
Regarding Widower (not Widow)becoming member in HIS Father-in-Law's HUF, the comments are confusing. At one place it is said that Son-in-law mostly is not a member of HUF. Please clarify.
बहुत साल पहले प्रियंका जी को बिजनस चेनल पर सुनते थे , बहुत ही सम्मानित और प्रतिभाशाली एंकर है । शानदार जानकारी प्रस्तुत की गई ।
प्रियंका जी को बहुत दिनों बाद देखा बहुत ही सरल शब्दों में जानकारी देती है कि तुरंत समझ मे आ जाती है ,जानकारी के धन्यवाद
Bhnytfy6yy🎉yyyyy🎉y🎉🎉nnnn🎉n🎉nynynnn. Y vv
Dear Priyanka ,
It has been after very long time since you left cnbc am hearing you.All the best for your new venture and wish you attended great heights .
Very Interesting topic. I learnt a lot by watching this. The anchor is very professional and keeps the things very simple. Asks the right questions. The expert is also very knowledgable and explains nicely. Thanks and Best wishes...
Amazing video, brilliantly prepared points and explained it very clearly. Randomly clicked on this video and watched it without minimizing and scrolling for any other video. Now, I'm thinking of forming HUF. Great Job to entire Team👍
What a wonderful conversation. The anchor Priyakaji and guest Deepakji clarified the HUF concept in a simple and lucid manner.
Mind blowing.. so many concepts and so much of knowledge in a single video. I want many more such videos on HUF ❤
hats off sir. aisa gyan india me har taxation angle ka, har sarkari scheme ka dene wala koi ho to sahi matne me desh ki progress ho sakti hai. kahi practitioner stereo type practice kar ke apne client ko ye fayde nahi pahucha sakte. N bade practitioner ke pass woh ja nahi pata n nahi bade practitioner ke pass etna samay hota hai.
good n excellent knowledge given by you sir. maine Huf create to kar li 15 year back par uska benefit for taxation leunga abb.
bahut bahut dhanyawad dhanyawad dhanyawad Sir n Mdm.
Dr Deepak Jain gives to the point answers rather than beating around the bush. His explanations are also very easy to understand
While selling HUF property, purchaser’s bank insists that all coparceners should sign the sale deed, although Karta has the powers. In case of minor coparceners, situation gets more complicated if banks insists on Courts order.
Very Nicely Presented 👏👏
Thanks to Deepakbhai for giving complete understanding and details of HUF formation.....Bunches of blessings to entire team...😊 😊❤
Wonderful insight by Deepak ji! I want to understand how the expenses is claimed in HUF and under which head of income?
Questions I appreciate if you can answer
Q1 Can Salaried couple create HUF or it is beneficial for business
Q2 Can couple who are working in MNC or Ltd company who have already shared individual PAN, and tax is getting deducted under that PAN, can we change to HUF PAN?
Q3 If Wife is under 10% tax bracket and Man is under 30% bracket is it wise to get HUF and can company accepts this HUF pan
Q4 can salaried family has to file single itr as currently I file itr2 and my wife files itr 1?
Priyanka mam, after a long time seen u on a very imp subject , which, many people don't know / understand. U r way of presentation is excellent. Thanks to Dr. Deepak for his explanation. One more interview , pl. Make a video for sr. Citizen , how they can give their valuable time / knowledge for Aam Admi.
Which of the two provisions, i.e. forming a trust and H.U.F is more beneficial from Income tax purpose.
What about Salaied person, how can they distribute the income to HUF?
Same question I had thank you
They can't split salary income. Only income other than Salary will be Split
There is no much benefit for a salaried person to create a HUF
Thanks a lot for briefing on HUF. I have just formed the HUF.
My first question is regarding funding of the newly opened HUF account. We never had HUF in my family. My father and mother died forty years ago, leaving some money to be distributed among my brothers and sisters. The said sum was invested, however as of now I have no proof to show that it was a distributed property.
Naturally at this stage I have no option except to fund the account from my own account. Please let me know if there is an alternative to this, so that the funds are not capitalised in my personal account.
Secondly can as a Karta, I can withdraw money without any restrictions.
Thanks n regards
Surendra Chelawat
Superb communication on HUF
Question: Can and how does a member/coparcener/karta transfers money from his/her bank account to the bank account of the HUF, for acquiring assets like shares, mutual funds, bonds, deposits etc.: 1) Does such transfer requires a gift deed or other documentation? 2) Does the clubbing provision applies on the income (dividend/capital gains/interest) that is earned by HUF, from the assets acquired by HUF, from the capital that the HUF got from such transfers?
Thanks for useful information. I have one query, If we transfer any property to huf, then it reqd gift deed, which reqd stamp duty to be paid. And any income from that property will be clubbed. So, how does it become beneficial ?
Request to create and formation of 2nd episode for further details and information. Hope for the best.....
Excellent show and discussed in detail. Please elaborate on how the initial capital of HUF can be created. Can it be shared by only Karta or also by its members and coparceners. For example can I gift an xxx amount every year to HUF, so that it's capital can be created. What would be the tax implications.
Second question: how do we define whether HUF is formed under Mitakshara or Dayabhaga. Is it defined in initial declaration.
Lastly, pls also help how a HUF can be dissolved. Whether Karta can decide for dissolution in his lifetime.
Also, would like to see more practical questions on this topic, so that there is clarity on real life situations.
Sir also can other coparceners add their income to HUF account !?
ज़बर्दस्त जानकारी. धन्यवाद श्रीमान
Very good show informative and educative keep it on
Ak sawal ye hai ki agar mai apne pita ke huf me koparstener hu to kya mai apna bhi huf bana sakta hu mtlb ak sath mai do huf ka hissa ho sakta hu
Apka explanation bahut bahut accha hai ....
Aap kanoon law awareness program keriya Jo commons hai jai family, police, road, property,
Can we exclude one of family members from HUF or creat HUF of selected family members only
Sir Can HUF bank account be operated by two joint holders, it's benifits ? Can HUF open a trust, also compare HUF with LLP/pvt. Ltd. ?
Private family Trust or HUF mein se kon sahi rahega ..are they contradicting ? or same ?
Thank you for very detailed information.
Could you please clarify that if The Karta sold the house property and with that cash he can create HUF and transfer the money to HUF.
The Karta sold the property and took it into a Bank account, by which want to create a HUF.
Good information....
Plz answer 2 questions in next video -
1. In my huf will my mother or father will be either member or co-parcener considering my mother or father do not have their own huf
2. If my son is co parcener in my huf and he gets married and creates his own huf will then can he do so and will after his huf will he still remain part of my huf
By taking Gift in HUF - you can create the capital of HUF...
Once enough capital generated - earn the Income on that Capital - show in each year of HUF's Income Tax Return ....
So slowly you can create good amount of Corpus in the HUF...
That HUF Corpus / Money can be used for the purpose of buying of property or purchasing shares.
Thank You for your Advice
बहुत अच्छी जानकारी दी गई
वेरी गुड जानकारी मिली huf की
न्यू huf बनती है तो huf की केपिटल कैसे क्रिएट होगी
By taking Gift in HUF - you can create the capital of HUF...
Once enough capital generated - earn the Income on that Capital - show in each year of HUF's Income Tax Return ....
So slowly you can create good amount of Corpus in the HUF...
That HUF Corpus / Money can be used for the purpose of buying of property or purchasing shares.
किस के पास से गिफ्ट मे कैपिटल ले सकते है ? HUF को गिफ्ट कौन दे सकता है @@caamolkasat6043
Thank you for this very clear and pointed elaboration on HUF. Kindly include in the next episode the process of transferring and buying property and adding other assets under HUF. Can the HUF buy land? And if so, then what is the procedure please?🙏
By taking Gift in HUF - you can create the capital of HUF...
Once enough capital generated - earn the Income on that Capital - show in each year of HUF's Income Tax Return ....
So slowly you can create good amount of Corpus in the HUF...
That HUF Corpus / Money can be used for the purpose of buying of Land or property.
@@caamolkasat6043 Thank you for the kind revert. It is very helpful. Can my mother gift my huf a piece of land which is registered in her name please? And if so, could it then get registered in huf name on the basis of that gift certificate? what procedure should we follow? Will greatly appreciate any guidance please. Thanks again
@@kumarp2476 Yes - Mother can give piece of land as a gift to your HUF - It is perfect way of Tax Planning. Thanks
@@caamolkasat6043 Thank you once again, sir🙏
Very well explained. My question is that my huf formed before 2001,my daughter was not coparsner or member , will she become coparsner automatically or as per law at that time will applicable ?
U didnt tell what are benefits for salaried ones.. like someone has FD or capital gain from market..how to avail tax discount on that
Suppose A, B and C are three brothers aged 24, 21, 18. A transfers sum 10 lacks to B and B transfers to C and then C gifts it to the HUF of A who gets married to D.
In the HUF of A, C will not the member right ?
Will provisions for clubbing of income be applicable.
When c is not member, why he will gift 10 lacs to HUF of A, I think only member or coparcener can gift
Can we choose members among Co-partitioners while creating HUF entity or it is compulsory to include all members of bloodline in creating HUF entity
Nice information on HUF
Mam, very informative , my one query how to fund HUF without member being taxed (like Gift Tax)? second in first year of formation of HUF is whole fund (20lac) transferred to HUF account , is it tax free?
Huf में business करने के लिये पूंजी किस प्रकार आती है क्या करता hud को उधार दे सकता है यानी कैश ट्रांसफर कर सकते है
Temporary HUF can take debt
Thanks @@caamolkasat6043
Very nice, Sambhav Madam,Aapka show phir se dekhne ko mila, Pahle aap Tax Guru Lakhotia ji ke saath CNBC awaaz par aate the, Thanq Madam
क्या गवर्नमेंट एम्पलाई भी अपना HUF बना सकते हैं? कृपया इसे स्पष्ट करें🙏
I thing it is to keep next generation rich without there efferts.
Suppose individual agriculture land is put into HUF can it be claimed as a separate unit under agriculture land ceiling
Can NRIs apply for HUF and how will it benefit them in terms of taxation, considering their investments in the Indian market?
Shall Karta, Members and Coparceners file their individual Returns also if their income is taxable ?
Dhanyawad aapka
Very informative show. Please do 2nd part if possible, in future. Got lots of information.
How we adjuged the income of HUF, best ways to save individual income tax with the help of HUF. Please explain with the help of an example
Very useful information. Please keep on spreading awareness through your channel on such important topics.
Hello
After making HUF, can we do the following :
1. Transfer our flat to huf name?
2. Can we pay rent to huf?
3. Can we claim hra as per income tax rules?
Salaried person k liy kya provision hai HUF ME wo v bataiye, like mutual fund investing or share market
Salaried and other business persons are having same benefits - Mutual Fund Investments and Share Market can be done in the name HUF
विवाह होने के बाद Huf तो अपने आप बन गया फिर PAN बना कर ये create भी हो गया . अब इसकी पुन्जी capital create करने के किस किस से funds ले सकते हैं?
You can take gifts from close relatives
Very interesting.
Does a married daughter continues to be a coparcener in father's HUF? And does daughter in law automatically become a member if HUF which is created 20 years before her marriage?
Thank you for all the information on HUF
Ma'am
Good explanation.
But it is all about patriarchal system, what about matriarchal system which is prevalent in southern India.
Pls clarify
Very interesting information on HUF
Your information is very useful to me
When want to buy a property who has HUF, then how do we know they have HUF? And the property is part of that HUF?
Much needed
❤❤❤❤❤
Any benefits for Govt. Employees (salaried person) for tax benefit perspective?
Wonderful conversation. My question is,
How to dissolve an HUF?
Please make a video on huf benefits for salaried person.
Plz explain huf benefits for salaried person
Huf ko dissolve kaise kare? Usme jo capital hai kya wo sirf member ko de sakte hai. No deed available with me because my father already expired.
Thanks for the information, can a HUF own a demat account? If yes how can I open it and who will manage it ?
Very nice show by both of you.
Current time 9:52 am. Hot to create the initial and keep increasing the corpus of HUF.
Whether HUF name should suffix after name with bracket or without bracket
Thanks for the wonderful information
Thanks bhut achi information di aap ne ❤
Any property can he purchased from the funds of Huf in the name of any coparcener or member and when property sold out in future then capital gain generated will be taxable in the hand of huf or such member or coparcener?
If in a family some are in business& some are government officer / employees can they together create a HUF
Salaried individuals and govt salaried employee can create HUF or part of the HUF?
बहुत ही उपयोगी जानकारी ❤
What are the benefits to salaried individuals who do not have business or other income like rental income?
Bahut aache se cover Kiya.. good show❤
Excellent. Explanation.
Thank you for this informative content. Please also explain what are benefits of HUF for a salaried class person
Very informative,Mam.Pl.continue such topic.
Is it possible to make Mother as a karta with declaration deed??
Very nice information about HUF. Thanks.
Got much more clarity on the subject thanks
Very informative topic.Thanks for creating very good video 🙏
what are the benifits only for salary employees?
Sir one question , how can i introduce major capital in HUF
By taking Gift in HUF - you can create the capital of HUF...
Once enough capital generated - earn the Income on that Capital - show in each year of HUF's Income Tax Return ....
So slowly you can create good amount of Capital in HUF
Kya salaried emplyees bhi bana sakte hain HUF?
S
Thanks mem
declaration should be on any stamp paper or plain paper ??
Enlightening ❤❤❤
Can all salaried persons transfer some part or all of his salary to HUF to avail expense benefits of Hindu neculer family.
Great effort and help.
How to create corpus in the HUF (bring initial capital for doing further business and clubbing provision in that case) ?
By taking Gift in HUF - you can create the capital of HUF...
Once enough capital generated - earn the Income on that Capital - show in each year of HUF's Income Tax Return ....
So slowly you can create good amount of Capital in HUF
Excellent explanation
Regarding Widower (not Widow)becoming member in HIS Father-in-Law's HUF, the comments are confusing. At one place it is said that Son-in-law mostly is not a member of HUF. Please clarify.
Excellent information
Very nice and knowledge