Tag Archives: #HUFincometaxstrategies

How HUF works?

HUF taxation rules   A Hindu Undivided Family (HUF) taxation rules is a legal entity recognize under Indian law and operates based on the principles of the joint family system. Here’s how an HUF typically works: Formation: An HUF is form when members of a Hindu family come together under a common ancestor and decide… Read More »

How HUF can save tax?

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 »