FORMAT OF HUF CREATION DEEDS

FORMAT OF HUF CREATION DEEDS

FORMAT-I

DECLARATION

I, ____________________________ son Of ___________________________________ Residing at ____________________________________________ aged ___Adult do hereby declare-

1.     That I am Karta of ____________________________________________

1.     That I received on behalf of the H U F gift of Rs. ___________ by way of CASH/CHEAUE from my FATHER ________________________________(name of relative of karta of HUF)   on  dt. _______________ this formed the corpus of the HUF.

1.     That the HUF at present is consisting of the followings members-

                                    

I)                   Shri _____________________, Adult, Residing at _________________

II)                 Smt. _____________________, Adult, Residing at _________________

III)              Kumari _________________-Minor, Residing at ___________________

1.     That the above statements are true to the best of my knowledge & belief. Declare this on _________________

WITNESS:                                                                              Signature

1. ————————————–

                                                                                  ————————————

2. ————————————–                                   (_____________________)

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FORMAT- II

[To be executed on Rs. 200 Stamp Paper in Maharashtra]

 DECLARATION OF GIFT MADE BY ________________________

TO THE HINDU UNDIVIDED FAMILY OF ___________________

I, _____________________________, residing at _______________________ ____________________________________________________________, do hereby declare and affirm as under:

1.       That out of natural love and affection borne by me towards the Hindu Undivided Family of ______________________________,  I have made a gift of Rs.______ (Rupees _________________ only) as per the following details:

By Cheque No.________, dated __________, drawn on Bank ____________________, ________________ Branch, in favour of ________________________ HUF.

2.       The above Gift has been duly accepted by ________________________,  as Karta of his Hindu Undivided Family and has been duly acknowledged hereunder.

3.       This Declaration of Gift is made to record the fact that I have made this Gift in favour of the Donee as above, who now has the absolute right, title and interest in the gifted amount.

Date: ___________, 200__                                 ___________________

                                                                        (Signature of the Donor)

ACKNOWLEDGEMENT OF GIFT

 I, ________________________, hereby acknowledge having received the above gift made to my Hindu Undivided Family by _________________________.

                                                                       

Date: ___________, 200__                                 ___________________

                                                                        (Signature of the Donee
                                                                        as Karta of his HUF)