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TAXATION HUF
Foreign investments in your portfolio? Follow this ITR checklist to avoid tax scrutinyResident and Ordinarily Resident (ROR) taxpayers with foreign assets or income must carefully disclose overseas investments, dividends and ...- Will the ITR filing deadline for AY 2026-27 be extended? Here's what taxpayers need to knowTaxpayers can breathe easy as the Income Tax Return (ITR) filing deadline for AY 2026-27 is unlikely to be extended. Unlike last year's tec...
- 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...
- 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...
- Gave up tenancy, got new flat in redeveloped property, then faced income tax notice of STCG of Rs 1.1 crore: How tenant won at ITAT MumbaiA Mumbai tenant successfully challenged a Rs 1.1 crore tax notice. He surrendered tenancy for a new flat in a redeveloped building. The Inc...
- 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...
- Karta repays more than advance taken, I-T sends tax notice, but ITAT Mumbai rules in favour of HUFThe Mumbai branch of the Income Tax Appellate Tribunal has issued an important ruling, stating that any surplus loan refunds received by a ...
- ITR 3 applicability: Who can file income tax return using ITR 3 form for FY2023-24ITR 3 form applicability: Depending on the origin of your income and the type of taxpayer you are, you need to choose one of these forms wh...
- 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...
- 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...
- 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 ...
- From Sept 1, individuals must deduct TDS on payments to contractors, professionals: Know all about itThe rate at which the tax has to be deducted is 5% unless the payee has obtained a lower withholding tax certificate from the department.
- Budget 2019 amendment: Individuals must deduct TDS on payment of brokerage, commission tooIndividuals now have to deduct tax at source in multiple situations.
- Budget 2019: Individuals must deduct TDS on these 3 types of payments nowWhile the government's aim is to widen and deepen the tax base through these steps, it increases the financial accounting liability for ind...
- Tax Queries: How to continue with HUF PAN after death of the KartaEvery week, an expert selected by ET answers queries from our readers on income tax.
- 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.
- Tax queries: Can an HUF claim deduction u/s 80C for contribution made to PPF of its member?PPF account in the name of HUF is not permitted by the Finance Ministry, HUF can contribute to the PPF account of its members and claim tax...
- Tax queries answered by Dilip Lakhani, Senior Chartered AccountantEvery week, an expert selected by ET answers queries from our readers on income tax and other levies.
- Tax queries answered by Dilip Lakhani, Senior Chartered AccountantEvery week, an expert selected by ET answers queries from our readers on taxes. This week, the queries include those on HUF, STT, etc.
- Formation of HUF for tax benefit: All you want to knowAn HUF is automatically constituted after marriage. It can also be formed by partition of an existing HUF into multiple units.
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