Huf: Stands for Hindu Undivided

HUF stands for Hindu Undivided Family, a legal entity for tax purposes in India. Find out how to apply for PAN, file return, pay tax, view refund, and more for HUF . 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 ... Learn how forming a Hindu Undivided Family ( HUF ) can help reduce tax liabilities, manage shared assets, and optimize financial investments through legal, tax-efficient planning. Learn about its formation, benefits, and best investment options.