HUF Registration in India consists of:

Karta: Karta is generally the father of family who has the right to do all the things for the family members and takes all the decisions on behalf of the family members.

Co-Parceners: Co-parceners is the person who has the right to demand the share of the property of the family if he/ se want to part away with the family with his/ her share.

Co-parcenery extends to 4 degrees down the family hierarchy in the following manners:

1st degree: Holder of ancestral for the first time
2nd degree: Sons and daughters
3rd degree: Grandsons
4th degree: Great grandsons

Steps to Registration of HUF in India

Step 1: Create a HUF deed

HUF deed is a legal document on stamp paper which states the  name of Karta, Co- Parceners and other members of HUF (Hindu Undivided Family).

Step 2: Apply for PAN card of HUF

HUF is considered as a separate entity under income tax India. It needs separate PAN card for tax purpose. Assessee need to fill the form 49A to apply for the PAN card.

Step3: Open bank account of HUF

HUF is considered as a separate entity under income tax India. It needs separate Bank Account for tax purpose and capital creation purpose. It can be open in any bank.

Documents Require for Registration of HUF in India

• PAN Card copy of Karta
• Aadhar Card copy of Karta
• Passport Size Photograph of Karta
• Specimen Signature of Karta & Family members with their names & relation with Karta
• HUF deed