Tag Archives: #HUFIncomeFlow

How HUF account works?

HUF income tax

  HUF income tax     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. The account can be open in any authorized bank or financial institution. HUF income tax Separate Entity: The HUF account is treat as a… Read More »

What is huf and its benefits?

HUF be Partner in Partnership Firm

Benefits of HUF Benefits of HUF, which stands for Hindu Undivided Family, is a legal and taxation concept recognized in India. It refers to a specific type of family structure governed by Hindu law, where family members are lineally descended from a common ancestor and live together as a joint family. Here are some benefits… Read More »