Tag Archives: #TaxationForHUF

HUF is a separate tax entity?

Tax entity

HUF is a separate tax entity?   As a separate tax entity, an HUF has its own PAN (Permanent Account Number) and is require to file income tax returns. The income earned by the HUF is assessed separately from the income of its individual members. The HUF is subject to the provisions of the Income… Read More »

HUF taxation: Which ITR for HUF ?

HUF taxation

HUF taxation When filing income tax returns (ITR) in India, an HUF taxation (Hindu Undivided Family) is obligated to utilize the ITR-2 form for submitting its tax return. The ITR-2 form is specifically designed for individuals and HUFs who have income from various sources, excluding income from business or profession. HUF can get huf benefits… Read More »