Hindu Undivided Family (HUF): Meaning, Formation Process & Tax Advantages | MyFinanceGyan

HUF is a separate legal tax entity under Indian law that helps families leverage separate PAN, bank accounts, and personal exemptions. Understand how to form an HUF—through a declaration, obtaining PAN, bank account, and contributing ancestral property or gifts. Discover key tax benefits: exemption limit, 80C, 80D, capital gains relief, and help in succession planning and wealth consolidation.

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