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HUF ASSETS
AICC chief Kharge declares assets worth Rs 38.76 cr in RS affidavitAICC chief Mallikarjun Kharge has declared total assets worth Rs 38.76 crore in his Rajya Sabha nomination affidavit. His assets include mo...06 Jun, 2026, 07.35 PM IST- Maximum 39% marginal rate of income tax applicable for these individuals in Tax Year 2026-2027Individuals and certain entities will face a maximum 39% income tax rate under the new tax regime for Tax Year 2026-2027. This Maximum Marg...03 Jun, 2026, 10.10 AM IST
- ITR-2 online filing and excel utility for A.Y. 2026–27 are now enabled on the e-Filing ITR portalIndividuals and HUFs without business income but with complex income sources like salary, multiple house properties, or capital gains can f...27 May, 2026, 11.06 AM IST
- Parliamentary panel expresses concern over investments in cryptocurrenciesA parliamentary panel has expressed alarm over thousands of crores invested in virtual digital assets. The committee is studying global app...20 May, 2026, 09.01 PM IST
- Key changes in ITR 1, 2, 3 and 4 forms in FY 25-26: Reporting of LTCG, buyback losses, F&O, intra-day trading & more; what new forms includeThe Income Tax Department has revised ITR forms for FY 2025-26, introducing new disclosure requirements for capital gains, trading, and for...09 May, 2026, 11.00 AM IST
- New Form 141 introduced for TDS filing: 4 existing forms merged into one challan-cum-statementThe Income Tax Department has introduced Form 141, a consolidated challan-cum-statement, merging four previous TDS forms. This new form sim...14 Apr, 2026, 10.47 AM IST
- Karta’s property not treated as HUF asset if he can prove it was acquired from personal income without use of ancestral assetsThe Supreme Court of India has clarified property division rules for Hindu Undivided Families. A Karta's property is considered self-acquir...20 Feb, 2026, 07.01 AM IST
- Zerodha's Nithin Kamath draws attention to a lesser-known income-tax saving methodNithin Kamath, the billionaire co-founder and CEO of Zerodha, highlighted the benefits of the Hindu Undivided Family (HUF) through a post o...28 Mar, 2024, 05.15 PM IST
- Kalyani family feud deepens: Hiremath siblings move court for share in HUF assetsThe ties between the Hiremaths and Baba Kalyani broke down over control of Kalyani Group company Hikal. The Hiremaths moved the Bombay HC i...27 Mar, 2024, 06.34 AM IST
- Private Trusts Vs HUFs: Which suits your needs to pass on assets to legal heirs?Will, gift deed, private trusts are some of the most commonly used methods that an individual can use to pass on the assets to his/her fami...05 Oct, 2023, 01.15 PM IST
- What is the process of dissolving an HUF (Hindu Undivided Family)?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.26 Sep, 2023, 10.52 AM IST
- After death of karta in the Hindu Undivided Family (HUF), can his wife become a karta?Readers' estate planning queries answered by Raj Lakhotia, Founder, Dilsewill.10 Jul, 2023, 06.30 AM IST
- Should the HUF be phased out?ET Wealth talks to experts to draw out opinions on both sides of the argument on whether HUFs should be phased out.12 Jun, 2023, 06.30 AM IST
- How to set up an HUFAs the word Hindu in HUF implies, it is connected with one being a Hindu. Only a Hindu can have an HUF. For this purpose, in addition to a ...27 Oct, 2022, 10.13 AM IST
- Tax saving tool HUF may cease to exist: Law Commission proposes to abolish itOn income earned, the Hindu Undivided Family is taxed on the same slab rates applicable to an individual.19 Sep, 2018, 12.28 PM IST
- How to use HUF for as a tax planning toolThe Hindu Undivided Family structure is a great tax planning tool that can divide your tax liability and multiply the benefits. Find out ho...30 May, 2011, 11.13 AM IST
- Form HUF in three stepsUse a capital asset to establish the corpus of the HUF. This can be ancestral property, assets gifted by relatives and friends, or received...30 May, 2011, 06.53 AM IST
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