Tag Archives: #HUFandIncomeTax

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 »

Can HUF claim 80c deduction?

HUF Individual or Non Individual

Can HUF Claim 80C Deduction In India, the Income Tax Act provides various avenues for taxpayers to claim deductions and reduce their taxable income. One of the most popular sections under which deductions are claimed is Section 80C. This section allows individuals and Hindu Undivided Families (HUFs) to claim deductions for investments and expenses, up… Read More »