HUF Tax Entity and Income - Doubts

[rjeshnani]

Recognition of HUF

• Can an HUF be formally recognised (for PAN and tax purposes) if it currently consists only of me and my wife, with no children?
• Will a separate PAN be issued in this case, and will it be considered for taxation separately?

Income of HUF

• I am a salaried individual and consult with companies as a freelancer. Can this freelance income be charged by the HUF and serve as HUF income which does not get clubbed with my income?

 

[Ra.One]

Your wife will be a 'member', not co-parcener. A child would be required for creation of HUF.

 

[ManInTheSuit]

You can probably open a company and get paid in that as a freelancer.