HUF Tag

Hindu Undivided Family (HUF): Definition, Business, and Tax Benefits

If you grew up in an Indian household, you already know how tightly money and family are woven together—from who owns the old ancestral home to how your grandparents planned for future generations. But there’s one financial structure that beautifully captures this idea:The Hindu Undivided Family (HUF). Even today, many families don’t realise that HUF can reduce taxes, simplify...

What is HUF & How It Saves Tax– FFC ep 45

The concept of Hindu Undivided Family, commonly known as HUF, was derived from the ancient Hindu laws. The oldest male member heads the HUF, and is called the ‘Karta’. He is responsible for making and taking decisions for the HUF. The other members in the family are called co-parcerners. In an Hindu Undivided Family all the members can contribute, but once the contribution is...