Hurdles with Hindu Undivided Family Dissolution
Hurdles with Hindu Undivided Family Dissolution: The Hindu Undivided Family (HUF) is a recognized legal entity under the Income-tax Act, 1961. It is treated as a separate ‘person’ for tax purposes, distinct from its individual members. While HUF offers significant tax planning benefits, there are challenges in its dissolution: Dissolving a Hindu Undivided Family can …