Hindu Undivided Family (HUF)
I'm a newbie to this tax system in India. I have started job after completing my graduation. Well question is will it be helpful to create a HUF to save taxable income. We have 2 flats and one of them is available for sale till then rental income is being earned. I want to save some taxes on that. Also we are planning to buy a car and as far my research goes we can save some tax on that too. Please guide to the appropriate portal which mentions all the tax benefits a HUF gets and also in what ways it get be utilized.
Its kind of open ended question too as I need to know the exact benefit of this useful system.
Thank you
1 Answer from Attorneys
Re: Hindu Undivided Family (HUF)
your question is quite ambiguous,please come with any practical problem.
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