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Is HUF enjoys separate entity?


Yadav Satayam

Yadav Satayam

CA Foundation

280

29-Mar-20

151

Answers (6)

Yes it has separate legal entity


Chaitanya Riskÿ

Chaitanya Riskÿ

CA Foundation

2K+

29-Mar-20

Please tell me reason


Thread Starter

Yadav Satayam

Yadav Satayam

CA Foundation

280

29-Mar-20

Thread Starter

Yadav Satayam

Please tell me reason

Under income tax1961 it has separate legal entity


Chaitanya Riskÿ

Chaitanya Riskÿ

CA Foundation

2K+

29-Mar-20

Chaitanya Riskÿ

Under income tax1961 it has separate legal entity

Thank u


Thread Starter

Yadav Satayam

Yadav Satayam

CA Foundation

280

30-Mar-20

Itâ??s kkk


Chaitanya Riskÿ

Chaitanya Riskÿ

CA Foundation

2K+

30-Mar-20

Naturally, HUF is treated as a distinct entity for tax purposes. HUF need to have a separate PAN card and need to file separate IT returns. One of the major benefits of the Hindu Undivided Family is that it is considered a separate legal entity.


Sanath Sri

Sanath Sri

CA Inter

270

20-Apr-20

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