Invest
Invest, No, a Hindu Undivided Family (HUF) cannot in the National Pension System (NPS) in India. The NPS is a voluntary retirement savings scheme regulate by the Pension Fund Regulatory and Development Authority (PFRDA), and it is primarily design for individual taxpayers, including salaried employees, self-employed individuals, and non-resident Indians.
As per the NPS guidelines, only individuals can open and contribute to an NPS account. HUFs are not consider eligible entities to participate in the NPS. Therefore, an HUF cannot open an NPS account or make contributions towards the scheme.
If members of the HUF, as individuals, meet the eligibility criteria for the NPS, they can open separate NPS accounts in their individual capacity and make contributions accordingly. However, HUF funds cannot be utilized for NPS investments.
It’s always advisable to consult with a financial advisor or tax professional for personalized guidance and to understand the specific investment options available to an HUF and the tax implications associated with them. HUF (Hindu Undivided Family)
For more information visit this site: https://www.mca.gov.in/
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