Hello Everyone good morning and welcome to our 5 am Cash flow mastery Session.
Today we are discuss in this video "HUF and Tax Planning"
In the complex world of tax planning, one lesser-known yet highly effective strategy for Indian families is the utilization of the Hindu Undivided Family (HUF) status. This article explores how forming an HUF can be a strategic tool for tax savings and financial planning.
What is an HUF?
A Hindu Undivided Family (HUF) is a distinct legal entity under Indian law, comprising all persons lineally descended from a common ancestor, including their wives and unmarried daughters. It is governed by Hindu Law and is recognized as a separate entity for the purpose of tax assessment.
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