Can HUF open savings account Yes, a Hindu Undivided Family can open a savings account in its name. Banks in India offer savings accounts specifically designed for HUFs. These accounts allow the HUF to deposit and withdraw funds, earn interest on the balance, and perform various banking transactions. To open a savings account for an… Read More »
Can HUF earn Commission Income Yes, a Hindu Undivided Family (HUF) can earn commission income. HUFs, as a separate legal entity under Indian tax laws, can engage in various income-generating activities, including earning It can earn through various activities, such as acting as an agent or intermediary in facilitating transactions or providing services for… Read More »
Can HUF open PPF account HUFs (Hindu Undivided Families) are not eligible to open a Public Provident Fund (PPF) account. PPF accounts are available only to individuals, not to HUFs or other types of entities. PPF accounts are intended for individuals to invest and save for their long-term financial goals. For more information visit this… Read More »