X

HUF meaning in Indian Government ?

( 5 )  .  1 Rating
44 views   .  0 comments  .   . 

Download Solution PDF

Answer: What is Hindu Undivided Family mean?

A joint family or undivided family is an extended family arrangement prevalent throughout the Indian subcontinent, particularly in India, consisting of many generations living in the same household, all bound by the common relationship.

Hindu Undivided Family (‘HUF’) is treated as a ‘person’ under section 2(31) of the Income-tax Act, 1961. HUF is a separate entity for the purpose of assessment under the Act.

reference

Take Quiz To Earn Credits!

Turn Your Knowledge into Earnings.




Give Rating
Report
Write Your Comments or Explanations to Help Others
Comments(0)





Miscellaneous in Indian Government
Miscellaneous in Indian Government

Ever curious about what that abbreviation stands for? fullforms has got them all listed out for you to explore. Simply,Choose a subject/topic and get started on a self-paced learning journey in a world of fullforms.

Explore Other Libraries

X

Important Indian Government Links





Copyright (c) 2021 TuteeHUB

OPEN APP
Channel Join Group Join