"Chartered Accountant with Bachelor's degree in Commerce having rich experience in Statutory Audit, Internal Audit, Group Reporting, Tax Audits of listed and multi-national companies along with private companies in manufacturing sector and hospitality business"
Hindu undivided family (herein called as HUF), is treated an a distinct taxable person as per the Income Tax Act,1961 and assessed separately under the act. As per the Hindu law, an HUF is joint family or undivided family consisting of its family members. If you are a Hindu, a Sikh, a Buddhist or a Jain than you can avail the benefit of these provisions and if possible you should take it.
