What is HUF and how it benefits your money?
A Hindu Undivided Family is a separate legal entity under Indian law, comprising lineal descendants from a common ancestor. It can earn, invest, and file taxes independently. Led by a Karta, with coparceners having birthrights, an HUF needs its own PAN to open bank/Demat accounts and enjoy tax benefits, making it a smart structure for family wealth and tax planning.