I am a Central Government Servant. Recently I came to know that by becoming an HUF can a person save tax. Pls share that how can I applied for become an HUF.
07 July 2023
A HUF automatically comes into existence when a person gets married and starts his family. The 1st Step in creating a HUF is to create the HUF Deed. The HUF Deed is a written formal document on a Stamp Paper stating the names of the Karta and the Co-parceners (Members) of the HUF. The eldest male member of the HUF becomes the Karta of the HUF. For more details :: https://taxguru.in/corporate-law/huf-huf-deed.html
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