What is HUF in ITR? When filing Income Tax Returns in India, you might come across the term Hindu Undivided Family, which stands for hindu undivided family. The concept of HUF is unique to India and is recognized under the Hindu law, as well as the… Read More »
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 »
HUF for Tax Saving HUF for Tax Saving, A Hindu Undivided Family (HUF) can be utilized as a tax-saving entity in India. Here are a few tax-saving options that an HUF can consider: 1. Tax Deductions: Similar to individual taxpayers, an HUF can claim deductions under various sections of the Income Tax Act to reduce… Read More »
