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HUF guidelines : “The laws of a Hindu Undivided Family (HUF), can greatly reduce your taxes if you are a salaried individual with supplementary income from other sources or if you are likely to inherit something. This article explains how to create HUF, who can do it, and how it can save you more money

The Hindu Undivided Family (HUF) is one of the unique legal structures in India. HUF registration in India is under the Hindu Law and Income Tax Act, wherein a ‘family’ can manage all resources with many tax advantages. The family includes all those in direct relationship to the common ancestor such as spouses and unmarried