Tag Archives: #HUFvsCompany

HUF vs Company?

HUF vs company

HUF vs Company   HUF vs company, HUF (Hindu Undivided Family) and a company are two distinct legal entities with different characteristics and implications. Here are some points of comparison between HUF and a company: 1. Formation: HUF formed by the members of a Hindu family, including their ancestors and lineal descendants and it is… Read More »

Is HUF a company?

HUF Individual or Non Individual

What is an HUF? A Hindu Undivided Family (HUF) is a legal entity in India that consists of family members who are lineal descendants of a common ancestor. The head of the family, often the eldest male member, is called the Karta, and the other members are known as coparceners. HUFs are recognized under the… Read More »