-
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.
-
Family arrangements offer a sophisticated legal mechanism to engineer inter-generational realignment without disruption. They enable families to navigate the complexities of succession, governance, and business separation in a way that is collaborative, forward-looking, and shielded from public acrimony.
-
This legal entity helps people participate better in the IPO boom for two main reasons
-
Hindu Undivided Family (HUF) has separate tax liabilities and exemptions under section 80C of the IT Act. Watch this video to know what is an HUF, how does it work and what are the benefits you get from being a member of an HUF? Karunya Rao explains
-
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.
-
Hindu Undivided Family structure is used by some to stay in the lower tax bracket if there is a likelihood of shifting to a higher slab due to surge in income
-
The income-tax department treats HUF as a separate assessee.
-
Will the rights conferred to the daughters by the recent SC ruling only be limited to natural born daughters or be extendable to adopted daughters as well and more
-
Despite the nomenclature, HUF is permitted for Hindus, Jains, Sikhs and Buddhists
-
After completing your investments under section 80C of IT Act, here is how you can save tax.
-
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 R
-
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 R
-
When you make a gain on the sale of a house, you have to pay a tax on your gains. If three years have passed between the date of purchase and sale of the R
-
HUF is a separate person for the purpose of tax. It has a PAN, assets and income. Separate income tax returns need to be filed for HUF
-
The Central Board of Direct Taxes (CBDT) has notified ITR 3, 4, 5, 6 and 7 for Assessment Year 2015-16. These forms are used by non-salaried entities to file income tax returns.
-
Government on Wednesday allowed seven state-owned entities, including NHAI, IRFC and NTPC, to raise Rs 40,000 crore in the current fiscal through tax-free bonds.
-
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.
-
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.
-
Fair trade regulator CCI has approved the proposed amalgamation of PHL Holdings and Piramal Enterprises Ltd (PEL), saying the deal would not impact competition. Considering the facts on record, CCI said it is of the opinion that the proposed combination is not likely to have an appreciable adverse effect on competition in India.
-
Tax-free bonds are tax free, that is, the interest earned on the bonds are exempted from taxation. This feature of the instrument makes it highly attractive for individuals from the higher tax bracket or for institutions as well as corporates.
-
Sebi today disposed of the case against Praveen Daga (HUF) after the entity made a Rs 4.50 lakh payment to settle charges related to trading activities.
-
Mecklai Graph of the Day - Hungarian Forint plummets to record low
