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What is a Hindu Undivided Family and how does it affect income tax?
short by Ashley Paul / on Friday, 31 January, 2025
As per Indian law, a Hindu Undivided Family (HUF) is a family unit consisting of people who are related to each other and to the family's head. This includes a husband, wife, their sons and daughters-in-law and unmarried daughters. An HUF has its own PAN, is taxed separately from its members and can claim deductions or exemptions separately.
read more at Income Tax Dept