Tag Archives: #HUFBusinessModel

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 do business?

Can HUF Do Business   A Hindu Undivided Family (HUF) is a unique legal entity recognized under Indian law, primarily for tax purposes. Formed by members of a Hindu family, HUF can consist of several generations living together. One common question that arises is whether an HUF can engage in business activities. Legal Framework Yes,… Read More »