Hindu Undivided Family (HUF) Deed

This Deed of Declaration of Hindu Undivided Family (HUF) is made on this [Date] day of [Month, Year] at [Place] by and between the undersigned members of the Hindu Undivided Family.

1. Name of HUF:
The family hereby declares the formation of a Hindu Undivided Family by the name of [Name of HUF] (hereinafter called "the HUF").

2. Karta:
The Karta (manager) of the said HUF shall be [Name of Karta], son of [Father’s Name], residing at [Address].

3. Family Members:

4. Purpose of Deed:
This deed is executed for the purpose of declaring and confirming the existence of the Hindu Undivided Family, its members, and the appointment of the Karta, and to enable the HUF to carry out all lawful transactions, including opening bank accounts, filing income tax returns, holding assets, investments, and all other legal and financial matters.

5. Capital Contribution:

6. Powers of Karta:
The Karta shall have full powers to manage, invest, and deal with the HUF’s assets and liabilities on behalf of the family.

7. Income & Expenses:
All income earned from HUF assets shall be deemed the income of the HUF and be taxed accordingly. All expenses related to the management and upkeep of HUF assets shall be borne by the HUF.

8. Bank Account:
The Karta is authorized to open and operate bank accounts in the name of the HUF.

9. Governing Law:
This deed shall be governed and construed in accordance with the laws of India, including Hindu Law applicable to Hindu Undivided Families.

10. Signatures:
We, the members of the Hindu Undivided Family named above, hereby declare and confirm this deed as the true and binding declaration of our HUF.

Witnesses:

1. Name: ___________________
   Address: ___________________
   Signature: ___________________
2. Name: ___________________
   Address: ___________________
   Signature: ___________________