Hindu Undivided Family ( HUF ) - Complete Information on How HUFs help to Save Tax, Significant Features, Benefits, Drawbacks, and FAQs. Visit our site now. Learn about the returns, forms, tax slabs and deductions applicable for HUF for the assessment year 2025-2026. Find out the eligibility criteria, due dates, and online portals for filing ITR-2, ITR-3, ITR-4 (SUGAM) and other forms. A HUF (Hindu Undivided Family) is a legal family unit under Hindu law. Learn how to form one, its tax benefits, rules, pros, cons, and who can be a member. HUF is one of the most effective tax saving strategies in Indian income tax law. Buddhist, Jain and Sikh families are also considered Hindu Undivided Family under the law. An HUF is usually headed by Karta, the senior most member of the family, and is composed of other members or coparceners. An Hindu Undivided Family ( HUF ) is treated as a separate person under the Income Tax Act. It can own property, earn income, and claim deductions like Section 80C, 80D, and capital gains exemptions, thus ...
