HUF Creation Deed Format — Declaration + Corpus Gift Template
DECLARATION OF HINDU UNDIVIDED FAMILY
THIS DECLARATION is made at {{execution_place}} on 31 July 2026 by {{karta_name}}, residing at {{karta_address}}, holding PAN {{karta_pan}} (hereinafter referred to as the "Declarant" or the "Karta").
WHEREAS a Hindu Undivided Family arises by operation of Hindu law by virtue of status and not by contract or agreement, and the Declarant's family constitutes a Hindu Undivided Family under Hindu law;
AND WHEREAS the Declarant is desirous of placing on record the existence, name and composition of the said Hindu Undivided Family, for the purposes of applying for a Permanent Account Number (PAN), opening a bank account, and other lawful dealings in the name of the family;
NOW THIS DEED WITNESSETH AND THE DECLARANT HEREBY DECLARES AS FOLLOWS:
1. Existence and Name of the HUF
There exists a Hindu Undivided Family known as "{{huf_name}}" (the "HUF"), of which the Declarant is the Karta. The HUF consists of the Karta and the members set out in the Schedule hereto, and shall include all persons who may hereafter become members or coparceners of the family by birth, marriage or adoption.
2. Karta
The Declarant, {{karta_name}}, is and shall act as the Karta of the HUF, and shall manage the affairs, funds and properties of the HUF for the benefit of all its members in accordance with Hindu law.
SCHEDULE — Members of the HUF
| Name | Relation to Karta | Capacity |
|---|
| {{karta_name}} | Self | Karta / Coparcener |
| {{spouse_name}} | Spouse | Member |
| | Coparcener |
| | Coparcener |
3. Creation of Corpus — Declaration of Gift Received
The Declarant further declares that the HUF has received, as its initial corpus, a gift of ₹{{gift_amount}} on {{gift_date}} from {{donor_name}}, residing at {{donor_address}}, holding PAN {{donor_pan}}, being {{donor_relation}}. The gift was made voluntarily, out of natural love and affection, without any consideration, by {{gift_mode}}, and has been accepted by the Karta on behalf of the HUF. The corpus is held in .
The said sum shall form the absolute property and corpus of the HUF, to be held, invested and applied by the Karta for the benefit of the members of the HUF. All income arising from the corpus and its investments shall belong to the HUF.
4. Tax Position of the Corpus Gift
The donor is a "relative" within the meaning of the Explanation to Section 56(2)(x) of the Income-tax Act, 1961, and the gift is accordingly not chargeable to tax as income of the HUF under that section. This recital of relationship is made to evidence the exemption. Where a gift to the HUF is made by a member of the HUF, the clubbing provisions of Section 64(2) of the Income-tax Act, 1961 may apply to income arising from the converted property, and the parties have taken independent advice in this regard.
5. PAN and Bank Account
The Karta shall apply for a Permanent Account Number in the name of "{{huf_name}}" and open a bank account in the name of the HUF, to be operated by the Karta. This declaration, together with the Schedule of members, may be produced before the income-tax authorities, banks and other institutions as evidence of the existence and composition of the HUF.
6. Nature of this Deed
It is expressly recorded that this deed does not, and cannot, create the HUF — the HUF exists by virtue of Hindu law and the status of the family. This deed merely declares and evidences the existence, name, composition and corpus of the HUF. This declaration is executed on non-judicial stamp paper of appropriate value as required under the Stamp Act applicable in the State of execution.
IN WITNESS WHEREOF the Declarant has set his hand to this Declaration, and the donor has subscribed hereto in confirmation of the gift, on the day, month and year first above written.
_______________________________
{{karta_name}} — Karta, {{huf_name}}
_______________________________
{{donor_name}} — Donor (in confirmation of the gift)
Witnesses
1. Signature: _______________________________
Name: _______________________________
Address: _______________________________
2. Signature: _______________________________
Name: _______________________________
Address: _______________________________
