Who can start HUF A Hindu Undivided Family (HUF) is a unique legal entity in India, used mainly for tax planning and wealth management within a family. It allows families to pool and manage their assets collectively while also taking advantage of certain tax benefits. But who can start an HUF, and what are the… Read More »
How HUF can be formed HUF formation process, A Hindu Undivided Family (HUF) is formed by the coming together of members of a Hindu family who are lineally descended from a common ancestor and living together as a joint family. Here are the key elements involved in the formation of an HUF: Common Ancestor: An… Read More »
HUF formation process HUF formation process: Lineal Descendants: The HUF includes lineal descendants of the common ancestor, such as sons, grandsons, great-grandsons, etc. Female members, including the wife,… Read More »
