Huf Related Articles

Nov - 2022

24

Explanatory notes to the provisions of the Finance Act, 2022

Explanatory notes to the provisions of the Finance Act, 2022

Explanatory notes to the provisions of the Finance Act, 2022 Central Board of Direct Taxes recently vides circular no. 23/2022 dated 3rd November 2022, came up with detailed explanatory notes to the provisions of the Finance Act, 2022. The important provisions are taken up and highlighted hereunder ...

Mar - 2022

17

TDS on Salary for Financial Year 2021-2022

TDS on Salary for Financial Year 2021-2022

TDS on Salary for Financial Year 2021-2022 Central Board of Direct Taxation (CBDT) has released Circular No. 04/2022 dated 15th March 2022, which explains provisions related to Tax Deduction at Source on Salary under Section 192 of Income Tax Act, 1961 applicable for Financial Year 2021-2022. CBDT ...

Mar - 2022

02

Scheme for Taxation of Virtual Digital Assets (Cryptocurrencies & NFT)

Scheme for Taxation of Virtual Digital Assets (Cryptocurrencies & NFT)

Scheme for Taxation of Virtual Digital Assets (Cryptocurrencies & NFT) The amount of cryptocurrency transactions has dramatically increased. Provisions were adopted to describe such assets, allow for the taxes of income flowing from transactions in such assets, and TDS provisions in order to br ...

Nov - 2018

30

Partnership Firm

Partnership Firm

Partnership Firm The law relating to partnership firm in India is prescribed in the Indian Partnership Act of 1932. This Act lays down the rights and duties of the partners between themselves and other legal relations between partners and third persons, which are incidental to the formation of a pa ...

Nov - 2018

23

Computation of Total Income of HUF

Computation of Total Income of HUF

Computation of Total Income of HUF A Hindu Undivided Family (HUF) is a joint family which may or may not be following the religion of Hinduism. Contrary to the apparent impression which can be gleaned from the term HUF, even families which are not practising Hinduism can be categorised as HUFs. The ...

Jul - 2018

04

HUF Formation

HUF Formation

HUF Formation A Hindu Undivided Family (HUF) is a kind of an entity that could be a launching pad to the entrepreneur who wishes to have a smoother foray into the world of business, thanks to the tax benefits and lesser compliance requirements. HUF is a unique type of legal entity which derives ...

Apr - 2017

25

HUF Income Tax Filing

HUF Income Tax Filing

HUF Income Tax Filing The expression Hindu Undivided Family (HUF) means a group of individuals consisting of persons lineally descended from a common ancestor. HUFs include the wives and unmarried daughters of the eldest male member of the family, who are living together under the same household. A ...

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