Hindu Undivided Family (HUF) is treated as a ‘person’ under Section 2(31) of Income-tax (I-T) Act. HUF is a separate entity for the purpose of assessment under the Act. Under Hindu Law, an HUF is a ...
In a landmark judgment on 22 December 2015, Justice Najmi Waziri of the Delhi High Court said that the eldest female member of a Hindu Undivided Family (HUF) can become its karta. The judgment brought ...
In addition to slab benefit, tax savings accrues to HUF on account of the various tax exemptions and deductions which have been provided in the Act. (Illustration: Shyam Kumar Prasad) India is a ...
The Central Board of Direct Taxes (CBDT) has issued a notification making e-filing compulsory for assessment year 2012-13 onwards for an individual or a Hindu Undivided Family (HUF) if his or its ...
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