Hindu Undivided Family

Forming a Hindu Undivided Family (HUF) can reduce taxation, but are share transfers to an HUF tax-efficient? Here's what you need to know.

Retail investors rush to set up HUFs to beat IPO allocation odds

This legal entity helps people participate better in the IPO boom for two main reasons

Judgment enabling women to head HUFs is a logical step after equal inheritance rights: Experts

Women have rights in both matrimonial and parental HUFs. The judgment goes on to clarify that even if a woman is married, she can be the karta of her parental HUF.

MC Explains: When a Hindu Undivided Family may not work

Keeping aside income-tax benefits, selling property under an HUF structure may be cumbersome because the consent of all members of the family is required.

Alienation of joint family property can be done only with consent of all coparceners: SC

A bench of Justices S A Nazeer and Krishna Murari said the alienation is voidable at the instance of the coparceners whose consent has not been obtained.

How to close HUF with Income Tax department

The income-tax department treats HUF as a separate assessee.

Finance Act 2016: Helping home buyers, through tax sops for builders

Benefits to promoters/builders, for construction of affordable houses Under the newly-enacted Section 80IBA, 100% of the profits derived by the builder/promoter from a residential housing project, are allowed as deduction to every tax payer &#82

These are the property rights of a daughter in a Hindu family

In December 2015, the Delhi High Court gave a decision, stating that a daughter can be the Karta of an HUF (Hindu Undivided Family). The root of this decision lies in the amendment passed &#82

Sebi issues notices to 33 entities for irregularities

These entities, which include individuals and companies as well, have been directed through public notices to appear before Sebi's adjudicating officers and they are alleged to be involved in cases such as circular trading and manipulation in shares of various companies.

Can creating a HUF save more tax?

Ramalingam K of holisticinvestment.in discusses the possibilities of saving more tax if a Hindu Undivided Family (HUF) is created. However, he also discusses the cons of having this sort of a business setup.

What if 'Karta' in Hindu Undivided Family passes away?

If NSDL asks for a declaration of new 'Karta' with the letter of consent from all the coparcener and if there is any undertaking that needs to be given then gives those undertakings, personal finance expert, Gaurav Mashruwala said.

Budget Analysis: Why Budget 2013 was a mixed bag for small investors

In an interview to CNBC-TV18 personal finance expert, Hemant Rustagi of Wiseinvest Advisors shared insights on what the Budget have for average investor on the street.

Here is how Hindu Undivided Family will help you save taxes

Personal finance expert, Pankaj Mathpal of Optima Money Managers said that Hindu Undivided Family is a creation of law so it cannot be created by an agreement between two parties.

Things to keep in mind while making an investment

The cost of acquisition of an asset is an important factor in undertaking the overall capital gains calculation because of the fact that this will play a role in determining the extent of the total capital gains and consequently the taxes to be paid.

How to save tax through an Hindu Undivided Family -- Part I

Having an HUF or a Hindu Undivided Family can be a boon to those individuals who are looking for a safe and easy way to save tax. Let’s see what an HUF is, how to make use of it and who it helps you to save tax.

Property of Hindu undivided family and the income tax law

It is possible within the framework of the Income-tax Law to buy out property whether residential or commercial in the name of the Hindu Undivided Family and also to claim a tax benefit attached to the said property.