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HUF formation

hi there
I am married
if i starts my own HUF
how will I inject funds
can my parents add gift capital to it ( what is the limit 5 lakhs or 10 lakhs or how much ? )
what will be tax legalities ( gift tax )
can me and my wife inject capital in it ( what is the limit )
what will be tax legalities ( gift tax)

from this asset can my HUF do business
and pay tax if it earns

can two brothers can start their joint HUF

thanks

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