Tag Archives: #HUFAndTaxationInIndia

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 »

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 »