Tax Planning for HUF A Hindu Undivided Family (HUF) can be a useful entity for tax planning purposes in India. Here are some key considerations for tax planning with an HUF: Separate Tax Entity: An HUF is treat as a separate tax entity for income tax purposes. It has its own PAN (Permanent Account… Read More »
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 »
Are HUFs Eligible for NPS The National Pension System (NPS) is a government-backed retirement savings scheme in India, designed to provide financial security post-retirement. While many individuals are aware of their eligibility to invest in NPS, a common query arises regarding Hindu Undivided Families (HUFs) and their participation in this scheme. Eligibility of HUF for… Read More »