01 May 2013
Hindu undivided family (abbreviation: HUF) is consist of all persons lineally descended from a common ancestor and include their wives and unmarried daughters. A daughter cease to be a member of her father's family on marriage, and become a member of her husband's family.
02 May 2013
Say, I am a person of Indian origin, but I am settled outside india and I am citizen of that country.. However I maintain a personal file in India uptill now..
Now I want to create an HUF .. obviously to avail tax benifit.. can I do so?