Tag Archives: #HUFtaxAdvantage

How HUF can save tax?

HUF tax-saving strategies

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 »

is HUF liable for Tax?

HUF be Partner in Partnership Firm

HUF for Tax   Introduction A Hindu Undivided Family (HUF) is a distinct legal entity under Indian tax law that offers significant tax-saving opportunities for families. Recognized under the Income Tax Act, an HUF allows families to pool assets and income, ensuring effective tax planning. However, while it provides tax advantages, it is also subject… Read More »