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importance of formation of HUF in this era.

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(Querist)
17 December 2016 hello. my query is that why one should form HUF instead of other structures like company.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
18 December 2016 Basically HUF created for tax benefit purpose. HUF tax slabs are as same as individual not like flat 30% for corporates and it's is very beneficial for family owned business
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KUVADIYA PIYUSH

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KUVADIYA PIYUSH (Querist)
20 December 2016 thank you sir, suppose business of HUF has large turnover, does it affect tax benefits to the HUF?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 December 2016 Yes. Small or medium business can be done by HUF, incase large business always tax rate will affect

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