 "What is Hindu Undivided Family (HUF)")
Hindu Undivided Family
What is Hindu Undivided Family (HUF)
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Latest Updates on Hindu Undivided Family
Sebi bats for easing angel fund norms; move to aid funding of startups
Sebi plans to eliminate the minimum investment requirement of Rs 25 lakh for angel investors
 "Sebi bats for easing angel fund norms; move to aid funding of startups")
Sebi proposes allowing shared contact details for non-individual clients
Under exceptional circumstances, the stock broker may, at the specific written request of a client, upload the same mobile number/email address for more than one client
Deduct salaries of members from HUF income to lower its tax bill
HUFs can also claim tax benefits on home loan repayments, insurance premiums, and other tax-saving investments
 "Deduct salaries of members from HUF income to lower its tax bill")
'Nothing but a Hindu code for all': Owaisi slams Uniform Civil Code
AIMIM chief Asaduddin Owaisi said that the Union Civil Code Bill forces Muslims to follow the culture of other religions
 "'Nothing but a Hindu code for all': Owaisi slams Uniform Civil Code")
TMS Ep484: Infosys, tomato price, auto stocks, Hindu Undivided Family
What does Infosys guidance say about Indian IT's future? Why do tomato prices hurt India every year? Can the rally in auto stocks run out of fuel soon? What is a Hindu Undivided Family? Answers here
 "TMS Ep484: Infosys, tomato price, auto stocks, Hindu Undivided Family")
Over 750,000 HUFs claimed Rs 3,803 cr tax deductions in 2022-23: FinMin
Currently, a debate is going on about the status of the HUFs, following the implementation of the Uniform Civil Code on which the Law Commission has invited comments from the public
 "Over 750,000 HUFs claimed Rs 3,803 cr tax deductions in 2022-23: FinMin")
Get EV loan sanctioned by Mar 31 to avail benefit under Section 80EEB
If electric vehicle is for personal use, avail deduction on interest paid; if for business purpose, treat as expense
 "Get EV loan sanctioned by Mar 31 to avail benefit under Section 80EEB")
Narendra Giri, head of one of India's largest body of saints, found dead
Mahant Narendra Giri, the president of Akhil Bharatiya Akhada Parishad, was found dead on Monday at Baghambari Muth
 "Narendra Giri, head of one of India's largest body of saints, found dead")
Valli Arunachalam issues legal notice to Murugappa family members, others
The development comes after the shareholders of AIL voted against the induction of Arunachalam into its board
 "Valli Arunachalam issues legal notice to Murugappa family members, others")
Will SC verdict on coparcenary lead to more disputes among biz families?
Lawyers say this judgment can open a can of worms as women in many business families can now assert their right to an equal share in inheritance
 "Will SC verdict on coparcenary lead to more disputes among biz families?")
Daughter act
Apex court ruling is a big step towards gender equality
 "Daughter act")
Equal inheritance rights for women: What it means for HUF structure
Succession in business families: Judgment clears the air but its real-world application limited
 "Equal inheritance rights for women: What it means for HUF structure")
Daughters have equal rights to property in joint Hindu family, says SC
The verdict makes it clear the amendment to the Hindu Succession Act, 1956 granting equal rights to daughters to inherit ancestral property would have retrospective effect
 "Daughters have equal rights to property in joint Hindu family, says SC")
Govt to discontinue 7.75% taxable savings bonds scheme from May 28
The bonds were issued in January 2018 for residents and Hindu Undivided Family (or HUF) members, and became instantly popular.
 "Govt to discontinue 7.75% taxable savings bonds scheme from May 28")
Why Hindu Undivided Family is losing its charm as a tax-saving tool
Wealthy don't prefer it after courts have allowed daughters to be an equal partner in their father's HUF after marriage
 "Why Hindu Undivided Family is losing its charm as a tax-saving tool")
Will govt, Income Tax dept get more tax revenue if HUFs are abolished?
On August 31, the Law Commission of India recommended abolishing the concept of a Hindu Undivided Family to increase tax revenues as part of family law reforms.
Law Commission proposes doing away with concept of Hindu Undivided Family
Income tax experts believe that this proposal has been made primarily because of the government's increased focus on tax compliance
 "Law Commission proposes doing away with concept of Hindu Undivided Family")
