Benefits of HUF Benefits of HUF, which stands for Hindu Undivided Family, is a legal and taxation concept recognized in India. It refers to a specific type of family structure governed by Hindu law, where family members are lineally descended from a common ancestor and live together as a joint family. Here are some benefits… Read More »
HUF property HUF property refers to the assets and properties owned and held by a Hindu Undivided Family (HUF). In the context of it can include various types of assets, such as: Ancestral Property: Ancestral property refers to property that has been inherited from ancestors and has been passed down through generations within the HUF.… Read More »
Can HUF buy property Yes, a Hindu Undivided Family (HUF) can buy and own property in India. HUF is recognized as a separate legal entity under Indian law, and it has the capacity to acquire and hold assets, including real estate. An HUF can purchase property for various purposes, such as residential or commercial use,… Read More »