The query infers that the HUF is proposed to be dissolved and subsequently some equity shares held by the HUF are to be distributed/ transferred to the son, who is a coparcener of the HUF. It is ...

While creating an Hindu Undivided Family (HUF) may be useful for tax planning and investments, one has to be mindful that it entails issues in joint families and poses legal challenges in dissolution ...

Any undivided ancestral property can form part of the HUF. Additionally, any coparcener or member of an HUF may mix his personal property with the overall HUF property. However, due to clubbing ...

In our last column, when we introduced you to the concept of the Hindu Undivided Family (HUF) and why it exists, we listed the many benefits that come with an HUF structure. Just to recap, HUF, as a ...

My friend is having an HUF account. Till 2016 he had business income in HUF. He has two sons and a spouse. Both sons are not interested in continuing the business, hence he wants to close his HUF ...