HUF is the short form for Hindu undivided family.
Due to the development of the Indian legal system, of late, the female members are also given the right of share to the property in the HUF. The term 'Hindu undivided family' finds reference in the provisions of the income tax act but the expression is not defined in the act.
List of documents required for processing KYC and for FundsIndia account activation:
- PAN of HUF
- Deed of declaration of HUF
- Bank pass-book/bank statement in the name of HUF
- Photograph, POI, POA, PAN of Karta
- Cancel cheque leaf for HUF with name preprinted
- KYC non individual form.
- FundsIndia application
Note: All the documents should have the seal and signature of Karta .