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

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? 

 

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