Declaration Form Joint Hindu Family: For Official Purpose

A self Declaration Form for Joint Hindu Family or Hindu Undivided Family, along with Instructions. Hindu Undivided Family or HUF is a legal entity in India consisting of members who follow the Hindu religion. Check out our comprehensive guide on Hindu Undivided Family along with definitions, law and benefits The Karta of the family is the head of the household and manages the financial and legal affairs of the family. One of the essential documents required by the authorities when dealing with Joint Hindu Families is the Declaration Form which can be useful for opening Bank Accounts. In this blog post, we will provide you with a comprehensive guide to filling out the Declaration Form for Joint Hindu Family.

What is a Hindu Undivided Family (HUF)?

A Hindu Undivided Family is a legal entity under the Hindu Law that comprises of all members who are lineal descendants of a common ancestor, including wives and unmarried daughters. It is important to understand that a HUF cannot be created under a contract, it is created automatically in a Hindu Family. It is governed by the Hindu Succession Act, 1956 and the Income Tax Act, 1961.

Instructions for filling this Self Declaration Form:

1. The Declaration Form should be filled out in block letters using black ink.
2. All fields in the form should be completed accurately and completely.
3. The form should be signed by the Karta of the Joint Hindu Family and witnessed by two individuals.
4. The witnesses should provide their signature, full name in block letters, and the date and place of signing.
5. The witnesses should not be related to the members of the Joint Hindu Family.
6. The form should be submitted along with any relevant documents required by the authorities.

Subject: DECLARATION FORM FOR JOINT HINDU FAMILY

We, the undersigned members of the Joint Hindu Family, consisting of [insert the names of all members of the HUF], do hereby declare and confirm as follows:

That we are members of the Joint Hindu Family and are governed by the Hindu law and customs. That [insert name of the Karta of the Joint Hindu Family] is the Karta of the Joint Hindu Family and is authorized to act on behalf of the HUF and make decisions regarding its financial and legal affairs.

We have decided to open an account with [insert name of the Bank] in the name of the Joint Hindu Family. We declare and confirm that all transactions entered into with the Bank and obligations and liabilities entered or incurred by all or any one or more of us on behalf of the HUF for the accounts whether in credit or overdraft shall be binding on each member of HUF, present, and future, personally and on the estate of each of us.

Our above said Karta is authorized to sign on behalf of HUF business/or otherwise and has full and unrestricted authority to bind all the members of HUF, however constituted from time to time. We undertake to inform the Bank of any change in the constitution of the HUF due to any reason, including due to any addition of members or on account of the death of any members of the HUF. We also undertake to provide the Bank with all necessary documents and information required for opening and operating the account.

We declare that all the information provided in this form is true and correct to the best of our knowledge and belief.

Date: [insert date]

Place: [insert place]

Signature of Karta: ______________________________

(Name of Karta in Block Letters): ______________________________

Signature of Member 1: ______________________________

(Name of Member 1 in Block Letters): ______________________________

Signature of Member 2: ______________________________

(Name of Member 2 in Block Letters): ______________________________

Witnessed by:

1. Signature: _____________________________ (Name in Block Letters): _____________________________ Date: [insert date] Place: [insert place]
2. Signature: _____________________________ (Name in Block Letters): _____________________________ Date: [insert date] Place: [insert place]

By following these instructions and completing the Self Declaration Form accurately, you can ensure that all the necessary details are provided to the authorities. This will help facilitate any financial or legal transactions involving your Joint Hindu Family.