Introduction A Hindu Undivided Family (HUF) is a distinct legal entity in India, formed by members of a joint Hindu family. It is recognized under tax laws and enjoys certain benefits. However, when it comes to commission income, there are legal and practical considerations that determine whether an HUF can earn such income. This article… Read More »
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 »
HUF can comprise members of a family Yes, a Hindu Undivided Family (HUF) can comprise members of a family who are connected through a common lineage and have a legal relationship as defined by Hindu law. The HUF is a unique legal entity recognize under Indian law, primarily governed by Hindu Succession Act, 1956. The… Read More »