HUF

[Manish]

Can a couple (without child) form an HUF?
i mean - Is the existnence of a child or boy child mendatory for an HUF coming into being?
If it is so :
What may be the complications if somebody has gifted Land and Building to the HUF of his son who is married but having no child?
Please Suggest
Thanks

[camanojgupta]

AS SOON AS ONE GETS MARRIED HUF IS CREATED
NO NEED TO HAVE A CHILD

CA MANOJ GUPTA
JODHPUR
09828510543

[Advocate Anumita]

I agree with manoj ji.

@manish.. for your reference you may go through the following judjments:-

1) CIT vs. Arun Kumar Jhunjhunwala & sons 138 CTR Gau 63
2) Ram Laxman Sugar Mills vs. CIT 66 ITR 613 (SC)
3) Raj Kumar Singh Hukum Chandji vs. CIT 78 ITR 33 (SC)

Anumita Sarkar
Advocate

Income Tax Advisory & Litigation
sarkar.anumita@gmail.com
Kolkata