He had only one preliminary comment: “Is it necessary to include this provision about abolishing the Hindu Undivided Family? This will cause a lot of problems.” The fundamental premise of UCC ...

But what if there were ways to cut down on the tax you owe? Here, a Hindu Undivided Family (HUF) account can help, a concept that can offer tax advantages for certain families in India.

One such entity is a Hindu Undivided Family (‘HUF’), which has its separate tax liabilities and exemptions. HUF, as a concept in India, was created to ensure families stay together and the ...