Tag Archives: #HinduUndividedFamilyAndIncomeTax

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 »

is HUF liable for Tax?

HUF be Partner in Partnership Firm

HUF for Tax   Introduction A Hindu Undivided Family (HUF) is a distinct legal entity under Indian tax law that offers significant tax-saving opportunities for families. Recognized under the Income Tax Act, an HUF allows families to pool assets and income, ensuring effective tax planning. However, while it provides tax advantages, it is also subject… Read More »