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

Members belonging to Muslim, Christian or any other communities would not be eligible to form an HUF since HUF is created in accordance with Hindu Law as follows: Creation of a HUF Deed is not ...

A few weeks ago, when Mint Money discussed Hindu Undivided Family (HUFs) units, we received a flood of queries. To address the most common concerns, this article has compiled frequently asked ...

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.