Tag Archives: #HUFAndFamilyTradition

HUF can take commission income?

HUF commission income

Introduction A Hindu Undivided Family (HUF) is a distinct legal entity in India, formed by members of a joint Hindu family. It is recognized under tax laws and enjoys certain benefits. However, when it comes to commission income, there are legal and practical considerations that determine whether an HUF can earn such income. This article… Read More »

HUF can comprise members of a family?

HUF buy Property

HUF can comprise members of a family Yes, a Hindu Undivided Family (HUF) can comprise members of a family who are connected through a common lineage and have a legal relationship as defined by Hindu law. The HUF is a unique legal entity recognize under Indian law, primarily governed by Hindu Succession Act, 1956. The… Read More »