After two successful blog post about Advantages and Disadvantages of HUF and HUF DEED we need to understand basic instruments of HUF. What is HUF registration process ?
Once you are ready with HUF Deed than basic formation of HUF is ready. Now like every other tax payer you need to apply for PAN card for opening of Bank account. So that HUF gets its legal status and all other monetary transaction will get initiated.
But question is, what is required to get HUF PAN ?
- Valid HUF Deed.
- HUF Seal (Stamp) in the name of Karta.
- PAN Card Application form Online / Offline.
How much cost in applying new PAN Card?
Government fees for PAN Application Rs.110/-. PAN Card consultant may Charges you Rupees 250/- to Rupees 500/-
How to apply for PAN Card online ?
You can simply visit official site of NSDL.
Format of Physical Pan Card Form
Download and take a print out of first 2 pages of the form and submit to nearest NSDL PAN Centre or Visit PAN Center and make physical application there.
After successful submission of your application you will receive you E-Pan copy on your mail as per the application and get physical copy of PAN Card through Speed post on your register address of HUF. Generally Address mentioned in Aadhar card of Karta is registered address for HUF.
After successfully receipt of you PAN Now you are ready with all the basic documents to open up HUF bank Accounts.
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