#Taxplanning 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...

Difference Between Tax- Planning, Avoidance & Evasion

Whether salaried individual or business owner, every person who is liable to pay income tax definitely tries to minimize the tax liability, at least for once. Even though it is unethical to save income tax and not pay the required tax amount as per your income, taxpayers still choose the following ways to minimize their tax liability;  Although these terms may sound similar and they...