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LegalIndiaHindu Succession Act & Income Tax Act Compliant

Free HUF Creation Deed Template

Free Hindu Undivided Family (HUF) Creation Deed format for India. Drafted for tax planning and family asset management. Pro-grade boilerplate vetted by certified domain experts. Use it as a raw document, or automate it in Glomiq to eliminate manual copy-pasting.

Verified Compliance Document
Vetted by: Rajesh Kumar, FCA
GLOMIQ DRAFT
::::: HUF DECLARATION :::::
HERE, I, [KARTA_NAME] SON OF [KARTA_FATHER_NAME] RESIDING AT
[ADDRESS]. affirms as under:
1. MY H.U.F NAME IS [HUF_NAME] AND I AM THE SOLE KARTA OF [HUF_NAME]
2. THAT HUF RECEIVED GIFT OF [GIFT_AMOUNT] BY WAY OF CASH
FROM [FATHER_NAME] ON [GIFT_DATE] THIS FORMED THE CORPUS
OF THE HUF.
3. THAT THE HUF AT PRESENT IS CONSISTING OF THE FOLLOWING
MEMBERS:
| NO. | NAME | DESIGNATION | AADHAR NO. | DOB |
|-----|--------------|---------------|------------|---------------------|
| 1. | [KARTA_NAME] | KARTA | - | Date of Birth Karta |
| 2. | [WIFE_NAME] | WIFE OF KARTA | - | Date of Birth Wife |
4. DATE OF INCORPORATION – [DEED_DATE]
ABOVE DETAILS ARE TRUE AND CORRECT OF MY BEST KNOWLEDGE
AND BELIEF.
For, [HUF_NAME]
(KARTA)
WITNESS: SIGNATURE
1.
( )
2.
( )
DATE :-
PLACE :-

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Expert Drafting Guide & Clause Commentary

Compiled by Rajesh Kumar, FCA. Critical checkpoints before finalizing this document.

1Declaration of Coparceners▼
Clause Context:

Identifies the Karta (manager) and all family coparceners/members.

Negotiating Tip:

Include children as coparceners. Under amended laws, daughters have equal coparcenary rights by birth.

2Initial Settlement / Corpus Gift▼
Clause Context:

Establishes the HUF with an initial gift of money or property.

Negotiating Tip:

Keep the initial gift relatively small (e.g., ₹5,000 to ₹10,000) from a relative, and document it with a formal gift deed.

3PAN Application and Bank Account▼
Clause Context:

States that the Karta will apply for a separate PAN card for tax filing.

Negotiating Tip:

Ensure the bank account is opened strictly in the name of the HUF, and operated by the Karta.

Compliance Watchouts

  • A HUF requires a family unit to exist (a husband and wife or parent and child); a single person cannot create a HUF.
  • Gifts received by the HUF from non-members may be subject to tax under Section 56(2)(x) if they exceed ₹50,000.
R

Rajesh Kumar, FCA (Chartered Accountant & Tax Policy Expert)

Rajesh Kumar is a Fellow Chartered Accountant with 12+ years of experience in tax litigation, GST advisory, and corporate compliance audits. He advises SMBs and high-net-worth professionals on tax optimization strategies and regulatory compliance.

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