Tag Archives: #HinduFamilyIncomeTax

HUF is a separate tax entity?

Tax entity

HUF is a separate tax entity?   As a separate tax entity, an HUF has its own PAN (Permanent Account Number) and is require to file income tax returns. The income earned by the HUF is assessed separately from the income of its individual members. The HUF is subject to the provisions of the Income… Read More »

HUF for salaried person?

HUF buy Property

         HUF for Salaried Person   HUF for Salaried Person, A Hindu Undivided Family (HUF) can be formed by a salaried person as the Karta (manager) of the family. Here are some considerations for a salaried individual looking to establish an HUF: Understanding HUF Familiarize yourself with the concept of an HUF and… Read More »