Huf Money

One important way of saving income-tax is to think of forming a separate tax entity in the name of an Hindu Undivided Family.

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If not chosen with care, complications outweigh the tax benefits that a Hindu Undivided Family gets

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To create a HUF, the Karta is required to execute the HUF Deed, apply for HUF PAN Card and open a Bank Account in the name of HUF

HUF Capital can be created by receiving gifts through specified members in a specified manner and also through Income earned by HUF

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If the following conditions are satisfied then any sum of money received (i.e, monetary gift may be received in cash, cheque, draft, etc.) by an individual/ HUF will.

This article provides detailed information on the account opening procedure of HUF (Hindu Undivided Family) account. Read on to know more about the features and tax.

The Entire Law Relating To Hindu Undivided Family (HUF) K. H. Kaji & Manish K. Kaji, Advocates. The law relating to Hindu Undivided Families (HUFs) is a complicated.

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