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Querist : Anonymous (Querist)
09 November 2013 There is a father who has a small business running with no anscentral property and only one source of income from business. He has a son who is working in a multinational. Is there any tax saving if an HUF or a trust is established ?

Kindly note that the father has only one source of income (business) and the son has only salary income

09 November 2013 Income of father's businesscan be shifted towards huf upto exemption limit.
But to be done avoiding link of business and huf



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