The income tax rate for HUFs is the same as for individuals, with an exemption threshold of Rs 2.5 lakh and eligibility for ...

A Hindu family can come together to establish an HUF, and this option is also available to Buddhists, Jains, and Sikhs too.

Has Mohan Bhagwat lost the trust, loyalty and respect of the Sangh? Is the BJP behind the campaign? Can he survive the ...

The Delhi High Court has held that co-accused are entitled to apply separately for compounding of offences committed by a ...

Section 80C of the Income tax Act allows specific investments and expenses to be tax-free. By carefully planning investments ...

Under Section 10(2) of the Income Tax Act, income received by individual members from the Hindu Undivided Family is tax-exempt. This effectively lowers the taxable income for the family as a ...

In December 2015, the Delhi High Court gave a decision, stating that a daughter can be the Karta of an HUF (Hindu Undivided Family). The root of this decision lies in the amendment passed &#82 ...

While creating an Hindu Undivided Family (HUF) may be useful for tax planning and investments, one has to be mindful that it entails issues in joint families and poses legal challenges in ...

Initially, check if you, as a person or part of a Hindu Undivided Family, can get tax savings under Section 80TTA of the Indian Income Tax Act. Then add up all the interest income from savings ...

One of the many ways to save taxes is to create a family unit and pool assets to form a Hindu Undivided Family (HUF ... of the Income Tax Act, 1961. Still, if the corpus can be transferred ...