HINDU UNDIVIDED FAMILY: A TAX SAVING TOOL
Matrimonial

Hindu Undivided Family: A Tax Saving Tool

Saving taxes through HUF is a valid and lawful thing to do. HUF is treated as a ‘person’ under section 2(31) of the Income-tax Act and is a separate entity for the purpose of assessment. The present article is a discussion on Hindu Undivided Family and how it is used as a way to save taxes under the Income tax law.

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