Tag Archives: #HUFExpenseStructure

What is HUF account?

HUF account rules

HUF Account rules HUF account rules, An HUF account refers to a bank account that is specifically opened and operated in the name of a HUF. Hindu Undivided Family accounts are used to manage the financial transactions and funds of the HUF entity. Here are some key points regarding HUF accounts: HUF account rules Purpose:… Read More »

How HUF account works?

HUF income tax

  HUF income tax   HUF income tax, A Hindu Undivided Family (HUF) can maintain a separate bank account to manage its financial transactions. Here’s how an HUF account typically works: Account Opening: The Karta of the HUF, who is the head of the family, can open a bank account in the name of the HUF.… Read More »