Tax Planning and HUF

Authors

  • Pradip Kumar Das

DOI:

https://doi.org/10.33516/rb.v44i3.112-120p

Keywords:

Hindu Undivided Family, Individual, Income-tax Act, Tax Liability, Tax Planning

Abstract

An individual can save his tax by taking full advantage of the various provisions contained in the Income-tax Act specially relating to deductions and exemptions. Many tax payers resort to illegal activities to save income-tax; but, such illegal activities are not a part of tax planning process, rather, a part of tax evasion which is always depreciatory. However, one can go ahead with legal ways of saving income-tax and find out the pointers which are of advantage looking to the facts and circumstances. One such very important way of saving income-tax is to think of forming a separate tax entity in the name of HUF or Hindu Undivided Family. Creation of HUF helps the tax payers to save their taxes in a legal manner.

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Published

2018-10-07

How to Cite

Das, P. K. (2018). Tax Planning and HUF. Research Bulletin, 44(3), 112–120. https://doi.org/10.33516/rb.v44i3.112-120p

Issue

Volume 44, Issue 3, October 2018

Section

Articles
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References

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