Can anyone explain the main benefits behind making a HUF.
2 Replies
CA Nitin Wadhwani
(Chartered Accountant)
(4469 Points)
Replied 26 July 2008
Diversion of income thereby savings in tax
umesh
(http://ussco07.blogspot.com/)
(50 Points)
Replied 02 August 2008
Well,
You can create the another legal entity eligible at the first instance a tax free slab limit of Rs. 1.50 Lacs p.a. from 2008-09 and thus more of like tax planning.
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