Follow Us :

hindu undivided family

Latest Articles


Basic Provisions of HUF and Tax Planning through HUF

Income Tax : Learn about Hindu Undivided Family (HUF), its formation, composition, tax benefits, and ways to reduce tax outgo through HUF in th...

February 17, 2024 2988 Views 0 comment Print

Shattering Glass Ceilings: The Rise of Women Karta in Hindu Undivided Family in India

Corporate Law : In a groundbreaking decision, the Delhi High Court allows women to serve as Karta in Hindu Undivided Families, promoting gender eq...

December 13, 2023 699 Views 0 comment Print

A Study of Residential Status of an Individual and Hindu Undivided Family in Accordance To Income Tax Act

Income Tax : Explore the intricacies of residential status under the Income Tax Act in India. Learn about individual and HUF classifications, c...

December 8, 2023 5331 Views 0 comment Print

HUF Taxation in India: A Complete Guide to HUF Tax Treatment

Income Tax : Learn about taxation of Hindu Undivided Families (HUFs) in India. Understand HUF residential status, income computation, deduction...

October 22, 2023 5691 Views 0 comment Print

HUF in Income Tax: Formation, Advantages & Disadvantages

Income Tax : Hindu Undivided Family (HUF) under Income Tax Act, its formation, advantages, and disadvantages. Understand difference between cop...

October 17, 2023 25248 Views 2 comments Print


Latest News


Section 56 amended to cover property received without or inadequate consideration by closely held companies

Income Tax : In a move expected to make family settlements and transfer of shares more taxing, the government plans to tighten anti-abuse provi...

March 5, 2010 1773 Views 0 comment Print

Affidavit must for gift in kind, over Rs. 50,000, from relatives

Income Tax : From now on, when you get a gift in kind, valued at more than Rs. 50,000, from your parents or other relatives, make sure you have...

October 23, 2009 4255 Views 0 comment Print

Proposal related to wealth Tax in Direct Tax code

Income Tax : The Direct Taxes Code proposes to substantially raise the threshold limit for levy of wealth tax to Rs 50 crore from Rs 30 lakh, a...

August 15, 2009 1016 Views 0 comment Print

Wealth tax exemption limit raised

Income Tax : Enhancement of the limit for payment of wealth tax under the existing provisions of section 3 of the Wealth-tax Act, wealth tax is...

July 9, 2009 51328 Views 12 comments Print

Three words enough to access your tax records – beware

Income Tax : If you are thinking of filing your income tax returns online, think twice. It is very easy for anyone to hack into your account an...

July 18, 2008 1448 Views 0 comment Print


Latest Judiciary


Section 56(2)(vii)(b) Not Applicable to Companies before 01.04.2017

Income Tax : ITAT Delhi's decision regarding applicability of Section 56(2)(vii)(b) to companies before April 1, 2017 in case of Rhythm Polymer...

October 24, 2023 1830 Views 0 comment Print

TDS Credit on House Property Sale allowed to HUF despite deduction in Individual Account

Income Tax : ITAT Mumbai rules in favour of Anant Singhania HUF, allowing TDS credit for sale of housing property. The landmark decision provid...

July 15, 2023 957 Views 0 comment Print

ITAT dismisses Appeal of HUF whose Karta was expired for non-pursual

Income Tax : Ishwarbhai Madhavlal Patel-HUF Vs ITO (ITAT Ahmedabad) In the present case, the Karta of HUF having expired in the year 2021 itsel...

April 26, 2023 540 Views 0 comment Print

HUF Eligible For section 54F Exemption for Property Purchased in Joint Name of Members

Income Tax : S.K. Agarwal (HUF) Vs ITO (ITAT Delhi) It is an admitted fact that during the AY 2015-16, the assessee HUF sold a plot of land and...

July 26, 2022 1644 Views 0 comment Print

Unmarried Daughter Can Claim Marriage Expenses from Parents Hindu Law

Corporate Law : Rajeshwari Vs Bhunu Ram (Chhattisgarh High Court) Section 20 of the Hindu Adoptions and Maintenance Act, 1956 speaks about the mai...

April 6, 2022 9945 Views 0 comment Print


Latest Notifications


PPF account of HUF can not be extended beyond 15 Years

Finance : an account opened on behalf of a Hindu Undivided Family prior to the 13th day of May, 2005, shall be closed after expiry of fiftee...

December 16, 2010 9574 Views 11 comments Print

Gifts of property (gifts-in-kind) above value of rs.50,000 become taxable from 1st October 2009

Income Tax : The Income Tax Act 1961 (the Act) has been amended with effect from 1st October 2009 to provide that any gift-in-kind, being an im...

October 1, 2009 2392 Views 0 comment Print


Latest Posts in hindu undivided family

Basic Provisions of HUF and Tax Planning through HUF

February 17, 2024 2988 Views 0 comment Print

Learn about Hindu Undivided Family (HUF), its formation, composition, tax benefits, and ways to reduce tax outgo through HUF in this comprehensive overview.

Shattering Glass Ceilings: The Rise of Women Karta in Hindu Undivided Family in India

December 13, 2023 699 Views 0 comment Print

In a groundbreaking decision, the Delhi High Court allows women to serve as Karta in Hindu Undivided Families, promoting gender equality and transforming family dynamics.

A Study of Residential Status of an Individual and Hindu Undivided Family in Accordance To Income Tax Act

December 8, 2023 5331 Views 0 comment Print

Explore the intricacies of residential status under the Income Tax Act in India. Learn about individual and HUF classifications, conditions, and recent amendments.

Section 56(2)(vii)(b) Not Applicable to Companies before 01.04.2017

October 24, 2023 1830 Views 0 comment Print

ITAT Delhi’s decision regarding applicability of Section 56(2)(vii)(b) to companies before April 1, 2017 in case of Rhythm Polymers Pvt. Ltd. vs. PCIT.

HUF Taxation in India: A Complete Guide to HUF Tax Treatment

October 22, 2023 5691 Views 0 comment Print

Learn about taxation of Hindu Undivided Families (HUFs) in India. Understand HUF residential status, income computation, deductions, and tax regimes.

HUF in Income Tax: Formation, Advantages & Disadvantages

October 17, 2023 25248 Views 2 comments Print

Hindu Undivided Family (HUF) under Income Tax Act, its formation, advantages, and disadvantages. Understand difference between coparceners and members.

Hindu Undivided Family (HUF) in India: Formation, Tax Benefits & Challenges

August 8, 2023 17022 Views 2 comments Print

Learn about Hindu Undivided Family (HUF), its formation, tax-saving benefits, and the rules in India. Discover the advantages and hurdles in HUF dissolution.

Dynamics of Hindu Undivided Family Business Structure in India

August 5, 2023 1992 Views 0 comment Print

Dive into the dynamics of Hindu Undivided Family (HUF) business structure in India. Explore its unique characteristics, advantages, and disadvantages. Learn about the role of the ‘Karta,’ membership by birth, permanent existence, and the advantages of efficient management. Understand the historical context of Mitakshara and Dayabhaga laws, and how HUF continues to shape India’s economic landscape. Discover the legal reforms, complexities, and the enduring significance of this traditional family-based business model.

हिन्दू अविभाजित परिवार (HUF): एक इकाई जो प्रथागत कानून के परिणामस्वरूप उभरती है

July 24, 2023 2574 Views 0 comment Print

अलग-अलग इकाइयाँ हैं जिनका अलग-अलग कानूनी अस्तित्व है उनमें से कुछ प्राकृतिक रूप से उभरती हैं (जैसे मनुष्य), कुछ निगमन के परिणामस्वरूप या किसी कानून (जैसे कंपनियों और पंजीकृत फर्म) के परिणामस्वरूप उभरती हैं । लेकिन एक इकाई (एचयूएफ) है ) जिसका अलग अस्तित्व है और जो किसी विशेष समुदाय (धर्म) के रिवाज या सामाजिक […]

TDS Credit on House Property Sale allowed to HUF despite deduction in Individual Account

July 15, 2023 957 Views 0 comment Print

ITAT Mumbai rules in favour of Anant Singhania HUF, allowing TDS credit for sale of housing property. The landmark decision provides clarity on tax deductions and credits.