HUF A/C OPENING BY A US CITIZEN HAVING DUAL CITIZENSHIP.

POSTED BY KIRIT PATEL ON February 20, 2013 8:04 pm COMMENTS (3)

GOVERNMENT OF INDIA HAS PASSED BILL AND IS OFFERING DUAL CITIZENSHIP OF ALL PERSON OF INDIAN ORIGIN.

IT IS SAID THAT AFTER HAVING DUAL CITIZENSHIP, THEY ARE AVAILING ALL BENEFITS EXCEPT THEY CAN NOT BUY AGRICULTURE LAND.

UNDER THE CIRCUMSTANCE, PERSON CAN STAY IN INDIA AS LONG AS HE WISHES. WHEN A PERSON PREFERS TO STAY INDIA AND WISHES TO AVAIL TAX BENEFITS FOR HIMSELF AND ALSO HIS FAMILY MEMBERS WHO ALL HAVE DUAL CITIZENSHIP, CAN HE OPEN HUF BANK ACCOUNT? 

 

3 replies on this article “HUF A/C OPENING BY A US CITIZEN HAVING DUAL CITIZENSHIP.”

  1. Dear Kirit, no the matter has not came to my notice earlier.

    Thanks

    Ashal

  2. Dear Kirit, Yes is the answer for this Dual Citizenship status to be eligible to have an HUF.

    thanks

    Ashal

    1. KIRIT PATEL says:

      THANK YOU VERY MUCH FOR INFORMATION.
      WOULD LIKE TO KNOW, HAS ANY SUCH MATTER CAME TO YOUR KNOWLEDGE BEFORE!
      IF YES, PLEASE THROW SOME LIGHT ON SUCH ISSUES.
      THANKS AGAIN.
      KIRIT PATEL

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