huf
This query is : Resolved
03 April 2011
as ancestral income of hindu chargable under the head HUF. My question is there is same logic applicable in case of muslim also. or HUF also applicable to other than hindu also
03 April 2011
HUF is only applicable to hindu families. Nt to muslims. There is no other law for muslims.
03 April 2011
As the name suggests, an HUF is a family of Hindus. However, even Buddhists, Jains and Sikhs are regarded as Hindus, and can, therefore, set up HUFs. The concept of an HUF has basically evolved from ancient Hindu law. It is not applicable in case of Muslims.
Also see below link for more details---
http://taxguru.in/income-tax/meaning-formation-taxation-membership-and-partition-of-huf.html
Also see below link for more details---
http://taxguru.in/income-tax/meaning-formation-taxation-membership-and-partition-of-huf.html
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