Read this | How can you save tax on mutual funds by forming a Hindu Undivided Family unit? An HUF is recognized as a separate entity for taxation purposes, with its own PAN, allowing it to claim ...

If the property were held under an HUF, separate deductions and exemptions would apply to the HUF's rental income, reducing the total tax liability to ₹ 3.82 lakh—a saving of ₹ 1.64 lakh.

Form a Family Unit: Only a Hindu family can form an HUF, which includes lineal descendants and spouses. For example, if ...