Sage-Tips

How can I change my Karta of HUF in pan card after death?

9 Answers. The oldest son and now daughter also have equal rights can be karta in the said HUF based on the death certificate of father, the son can be appointed as karta of same, you can get in the PAN card of HUF the name change of the karta. Further in the bank accounts the name can be updated.

What happens to HUF after Karta dies?

When Karta of the HUF dies, the next senior male member takes over as Karta. As per Hindu Succession (Amendment) Act, 2005 the daughters of a family who are governed by Mitakshara Law, also become co-parceners in the HUF property.

Can HUF run after death of Karta?

On the death of your father, his HUF can continue and you (being his oldest child) shall be the karta after his death. However, it must be noted that we have not come across any provision of law or any case law, which permits a person to bequeath property to another HUF.

How can I change my Karta name in HUF PAN card?

For HUF, an affidavit made by the Karta of Hindu Undivided Family stating name, father’s name and address of all the coparceners on the date of application and copy of any of the above documents in the name of Karta of HUF is required is required as proof of identity, address and date of birth.

Can a daughter be a Karta of HUF?

After marriage, a daughter will cease to be a member of her parental HUF, but will continue to be a coparcener. Thus, she is entitled to ask for partition of the HUF property, as well as to become the Karta of the HUF, in case she happens to be eldest coparcener of her father’s HUF.

How can I change Karta of HUF in GST?

Reply—In case of death of Karta of HUF you have to file REG-14 form online to change the name of Karta. A new Karta is required to be appoint and business can be continued, new registration is not required.

Can grandson become Karta of HUF?

It has been held in Narendrakumar J Modi v. CIT 1976 S.C. 1953 that in case there is agreement among members of HUF, a junior member can become Karta of the HUF.

Can widow become Karta of HUF?

In CIT vs Seth Govindram Sugar Mills [1966 AIR 24], the Supreme Court held that a widow cannot be regarded as the karta of her husband’s HUF. However, she can manage the HUF assets and can represent the same for tax assessment, if the coparceners are minors until the eldest coparcener attains majority.

What are the documents required for name change in PAN card?

The following are the documents required to change your name in the PAN card:

• Aadhaar card.
• Voter ID.
• Driving license.
• Newspaper advertisement with changed name.
• Passport.
• In case of surname change after marriage, husband’s passport.

Is surname mandatory for PAN card?

Individual applicants should provide full/abbreviated name to be printed on the PAN card. Name, if abbreviated, should necessarily contain the last name. For non individual applicants, this should be same as last name field in item no.

How to change name of Karta in HUF?

The oldest son and now daughter also have equal rights can be karta in the said HUF based on the death certificate of father, the son can be appointed as karta of same, you can get in the PAN card of HUF the name change of the karta. Further in the bank accounts the name can be updated.

What happens to the PAN number of a HUF when Karta dies?

When the Karta passes away, the next most senior member of the family becomes the Karta by default. It may be noted that the HUF does not fall apart when the Karta dies. Hence, the PAN number of a HUF where merely the Karta dies, would not change.

How can I get a new HUF and a new pan?

There is no requirement to form new HUF and obtain new PAN.You may be eligible to operate the same bank account by submitting declaration about change in Karta. When the Karta of the HUF has expired then bank account remains the same subject to submission of declaration cum no objection letter to the bank from the new Karta and co-parceners ..

Can my brother become Karta of a HUF?

Only a coparcener can become Karta of a HUF. By virtue of the Hindu Succession (Amendment) Act 2005, daughters can also become coparceners and have interest by birth in coparcenary property similar to sons. Your brother can become a karta and continue the HUF in the same manner with the same PAN.