Tag Archives: #HUFBusiness

HUF can do business?

HUF Business        HUF Business, Absolutely, a Hindu Undivided Family is permit to engage in business activities. Under Indian law, an Hindu Undivided Family is recognized as a distinct legal entity capable of conducting business. The Hindu Undivided Family can establish and operate businesses, own assets, enter into contracts, earn income, and incur… Read More »

How HUF works?

HUF taxation rules   A Hindu Undivided Family (HUF) taxation rules is a legal entity recognize under Indian law and operates based on the principles of the joint family system. Here’s how an HUF typically works: Formation: An HUF is form when members of a Hindu family come together under a common ancestor and decide… Read More »

Can HUF become partner in LLP ?

Can HUF become partner in LLP No, it is not possible for a Hindu Undivided Family (HUF) to assume the role of a partner in a Limited Liability Partnership (LLP).  According to the provisions of the Limited Liability Partnership Act, 2008 in India, only individuals or other LLPs can become partners in an LLP. An… Read More »

Can HUF earn Commission Income?

    Can HUF earn Commission Income Yes, a Hindu Undivided Family (HUF) can earn commission income. HUFs, as a separate legal entity under Indian tax laws, can engage in various income-generating activities, including earning It can earn through various activities, such as acting as an agent or intermediary in facilitating transactions or providing services for… Read More »

Can HUF do business?

HUF Do Business   Huf Do Business: Yes, a Hindu Undivided Family  can engage in business activities in India. An HUF is a legal entity recognized under Indian tax laws and is formed by a Hindu family that carries on a joint family business. The HUF functions as a separate entity with its own PAN… Read More »