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? When filing Income Tax Returns in India, you might come across the term Hindu Undivided Family, which stands for hindu undivided family. The concept of HUF is unique to India and is recognized under the Hindu law, as well as the… 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 »
