Tag Archives: #HUFEntitySetUp

Who can start HUF?

Who can start HUF A Hindu Undivided Family (HUF) is a unique legal entity in India, used mainly for tax planning and wealth management within a family. It allows families to pool and manage their assets collectively while also taking advantage of certain tax benefits. But who can start an HUF, and what are the… Read More »

HUF formation process: How HUF is created ?

                                                       HUF formation process HUF formation process: Lineal Descendants: The HUF includes lineal descendants of the common ancestor, such as sons, grandsons, great-grandsons, etc. Female members, including the wife,… Read More »