Tax Planning for HUF A Hindu Undivided Family (HUF) can be a useful entity for tax planning purposes in India. Here are some key considerations for tax planning with an HUF: Separate Tax Entity: An HUF is treat as a separate tax entity for income tax purposes. It has its own PAN (Permanent Account… Read More »
What is HUF in ITR In the context of filing Income Tax Returns (ITR) in India, HUF refers to Hindu Undivided Family. HUF is considered a separate entity for income tax purposes and is required to file its own ITR. Here are a few key points… Read More »
HUF tax-saving strategies A Hindu Undivided Family (HUF) tax saving strategies in India can employ various strategies to save tax. Here are some common tax-saving options for an HUF: Income Splitting: HUF can distribute income among its members to take advantage of lower tax slabs. By allocating income to members in lower tax brackets,… Read More »