Saving taxes with HUF

27 Mar 2024

A friend was asking me about taxation for Hindu Undivided Families (HUF).

If you’re married and a Hindu, you can use a HUF to plan and save your taxes. HUF is treated as a separate entity, so all these deductions will apply separately to HUF along with the individual deductions.

So, transferring any property yielding rental income to the HUF, opening a Demat account in the HUF name, transferring money to the HUF bank account, accepting gifts, etc.

The @Quicko_official team had published a video and a blog explaining how you can use a HUF for planning and saving taxes if you are married.

Check out this post.

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