Earlier the HUF property would devolve by survivorship but now the share of individual coparcener will pass on to the legal heirs of the deceased after his death.(REUTERS) In my HUF account I have ...

Taxpayers belonging to Hindu, Jain, Buddhist and Sikh communities may save additional taxes by forming Hindu Undivided Family (HUF) with their family members. However, before forming an HUF, one ...

The query infers that the HUF is proposed to be dissolved and subsequently some equity shares held by the HUF are to be distributed/ transferred to the son, who is a coparcener of the HUF. It is ...

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 dissolution ...

In our last column, when we introduced you to the concept of the Hindu Undivided Family (HUF) and why it exists, we listed the many benefits that come with an HUF structure. Just to recap, HUF, as a ...

My friend is having an HUF account. Till 2016 he had business income in HUF. He has two sons and a spouse. Both sons are not interested in continuing the business, hence he wants to close his HUF ...