Tag Archives: #LegalAspectsHUF

Where is HUF defined?

HUF definition

What is HUF?    What is HUF? The concept of Hindu Undivided Family finds its definition and recognition within the framework of Indian tax laws and Hindu law. It is a legal and tax entity that is recognize for Hindu families in India. The definition and provisions related to Hindu Undivided Family are primarily mention… Read More »

How many HUF can be formed ?

HUF creation

HUF can be formed: There is no specific limit on the number of Hindu Undivided Families (HUFs) that can be created. HUF can be formed by Hindu families who meet the criteria of being lineally descended from a common ancestor and living together as a joint family.  Each HUF treat as a separate entity for… Read More »