Startup Consulting
HUF
Want to set up a Hindu Undivided Family (HUF)? We draft the HUF deed, apply for the HUF's PAN and help you open its bank account, so it's ready to hold assets and file returns.
- HUF deed drafted for your family
- PAN applied for in the HUF's name
- Advice on how the HUF is taxed
- In-house team, never outsourced
- Handled or reviewed by CAs and CSs
- Data privacy first
On this page
An HUF is a family unit recognised for income tax, with its own PAN and its own returns. It's run by the karta, usually the eldest member.
Tsquare, a Coimbatore-based firm, handles HUF formation online for clients anywhere in India.
At a glance
- Who it's for
- Hindu, Jain, Sikh and Buddhist families
- What you get
- HUF deed, PAN and bank account
- Where
- Income Tax and your bank
- Documents
- Members' ID and address proof
Who sets up an HUF?
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Families with shared assets
You hold ancestral or family property together.
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Families planning their finances
You want family income and assets managed as one unit.
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Family businesses
A family business is run on behalf of the whole family.
What's included
- Explaining how an HUF works and is taxed
- Drafting the HUF deed
- Applying for the HUF's PAN
- Help opening the HUF's bank account
- Advice on bringing assets into the HUF
Not included
- Stamp duty, if any
- Income tax returns for the HUF (a separate service)
How it works with us
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Tell us about your family
Share who the karta and members are.
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We draft the deed
We prepare the HUF deed for the karta and members to sign.
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We apply for the PAN
We apply for the HUF's PAN on the official portal.
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You open the bank account
We help with the bank's paperwork so the HUF can start operating.
Why form an HUF properly?
- A clear deed avoids disputes later.
- The HUF needs its own PAN and bank account to hold assets.
- Proper records support the HUF's tax returns.
Good to know
Why choose Tsquare?
Tsquare Professionals is a Coimbatore-based firm that helps clients across India with family and personal tax matters. Everything happens online, so it works the same wherever you are.
- An in-house team handles your work. It is never outsourced.
- Chartered Accountants and Company Secretaries handle or review every filing.
- Your documents stay private and are used only for your work.
- One point of contact who knows your business, from start to finish.
Thinking of forming an HUF?
We'll explain how it works for your family and set it up.
Prefer to talk?
Leave your name and number and our team will call you back.
FAQ's on HUF
Hindu, Jain, Sikh and Buddhist families can form an HUF. It's made up of the members of the family, with the karta managing it.
Usually the senior-most member of the family, who manages the HUF's affairs.
Yes. It has its own PAN and files its own return. See ITR for HUF.
There's no formal registration. The deed, PAN and bank account are what you need to operate it.
Yes, through a partition among the members. We can explain how.