Can HUF help me save tax

Tax planning 1023 views 4 replies

Hi

I want help regarding saving tax by creating trust or HUF.

My mother has some interest income which is taxable in 30% slab, plus salary income. I am the only son and too have salary income, so can not make investments in my name to save tax.

I came to know about creating HUF or a trust to save tax, can experts guide me if any such thing can reduce my tax burden.


Thanks

Replies (4)
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your father can make HUF of himself, and you would get entitled to form HUF only after your marige.

and actually what will be the benefit of HUF, i mean how will i be able to save tax once HUF is created.

 

And is there any option like creating some trust.

https://www.simpletaxindia.org/2011/05/huf-creation-tax-benefits-tax.html


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