Difference between Individual and HUF

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madan (Querist)
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26 November 2008 Sir,

May I know the difference between individual and HUF. And what the benifits if one properity shows under HUF and what the benefits if the same properity shows under Individual. which properities shows under HUF.

Thanking you sir,

Regards,
Madan.

Taxguy

Taxguy (Expert)
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26 November 2008 Individual is person who holds self acquired property and having right in ancestral property.

HUF is the sum of all ancestral property that you acquire by virtue of being born in that family.

Benefits. Your question is not clear.

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