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1.Creation of HUF PAN using deed. 2.Elder male is Karta and remaining are copeople (this is for my remembering) and members. 3.We are using mitakahara system so new born person also having right in the properties. 4. We can create a side income business using our income only not with loans and that business income's tax should be taxed separately. I liked Upto 24 Lacs no tax concept
at 15:12 you said - meeru passive income related huf capital ani chupinchagaligithe anaru kada , if I have to start creating HUF today , how do I form a capital under HUF ? Can I show my salary added to HUF capital ? Can I invest in stock market taking money from salary and refer it under the HUF income? Need your guidance in forming capital under HUF . Could you please clarify/ help understand this , please ?
# Ask money purse As every citizen need to file ITR. Even daily labour. But unfortunately ther is a mith that if file we loose direct benfits from govt like arogya sri, rathu barosa, etc and others. Better clarification required sir.
Hi Sai garu, Really appreciate the kind of content you have been doing for improving financial literacy. I am NRI and regularly follow your channel. May I request you to do some videos on how NRI can deal with financial transactions like for instance I want to sell the property in Hyderabad and bring money back to USA. What are the tax implications and tips for reducing taxes etc.
good morning sai garu... summary: 1. Huf (hindu undivided family.) 2.Applicable in mh and Assam. now all over india. 3.can be used for only for family memebrs. 4.while doing business we can use huf. 5Need to pay gst in business after 30% + . Thnaks for the informaion regarding huf. I have a doubt regarding huf that is clarified now after listening your video. is huf is applicable only for business.
Dear Sai Gaaru I request you to make an awareness video for individual investors & HUF investors on investing in an IPO on max limits how normal allocation of shares is done. The best method for aspiring investors together with advantages of HUF Vs Individual investing in IPOs to achieve the best results as shares allotment. I remain with my kindest regards PARTHA.
@@MoneyPurse team one doubt, HUF is useful only for business/self employed families right? Can I create a HUF with having only salaried income and no other earning family member? I think it won't be useful right?
Can u pls add more point on Demat account with HUF ... can we invest in MF with HUF PAN account ? if so if the HUF accounts holds in all for 5 members of the family including minors ... can we do a SWP every month for 50K with Zero tax ? Pls suggest on this sir
Myself and wife both are bank employees together we will get gross income 28 lakhs. We have one minor son. Can we form huf for tax purposes and is it useful for us. Plz guide us
Thank you for super videos. In India most of the companies have clause of dual job and also shouldn't have business partnership. In that case of a HUF started business then how is this going to be interpreted.
Hi చాలా బాగా వివరించారు HUF గురించి.... ఇందులో నాకు 2doubts ఉన్నాయి అన్నా 1) Govt Employees HUF form చేయవచ్చా? అవును ఐతే process same ఆ? 2) HUF SB account open చేస్తే దానిపై tax benefit పొందలేమ? So HUF SB account వల్ల లాభం ఏం?
One of the best video I ever I saw andi, really nice. I want to know can we move assets already bought to move to this HUF newly formed? so that i can save tax? pls guide
Thanks for the wonderful content. In the HUF affidivate DOB of kartha is missing. Recently my affidivate got rejected because of this. Please add DOB and update the document.
Can you do one video on Investor education protection fund for unclaimed shares and dividends and also how to login in iepf5 form. I tried so many times to login in MCA website but failed . Website nodal officers are not responding.
Very informative video Sai garu, but nakoka chinna doubt. Ippudu HUF kinda PAN generate chesukunnaka separate demat account create chesukoni manam andhuloki capital ni petti stock market trading leda investments cheyatcha. Eg. 1Father 2 Sons HUF Pan vatchaka stock market investments cheyatcha. And vatiki income tax exemption theesukovatchaa. It would be very useful information. Thank you.
Hi Sai garu, thank you for another wonderful video. I was thinking to start a HUF a year ago, did my research, and found some clauses around saving tax. The issue is about funding the HUF, if contributions are made by karta or coparceners or any member of HUF then the tax on the earnings from that funds in HUF will be at their individual tax brackets. For example, if I am in 30% tax bracket and I contribute 10 lakhs this year and earn 1 lakh out of the contributed funds then I need to pay 30% tax on 1 lakh. The earnings will be taxed at HUF tax slabs only if the earnings are made from the funds received from inheritance or funds received as gift money to HUF (from non-members). With this context the 10 Lakhs contributed to HUF from my salary will not benefit anything in terms of tax savings. I request you to take a look at this question and help me to correct my understanding. Thanks in advance.
Hello Anna, Can you share the income from stocks how to do tax filing and what the tax percentage ? If already salaried employee is Earning 10 LKA above how to filing
HUF Account - can be created after marriage via deed - only male children’s partners can be added as members to the account - same rights to male and female kids and their kids HUF Execution - Deed, stamp, ID proof submit at PAN centers - will receive HUF PAN and can claim tax
Sai Garu Namasthe. I am Sreenivas a VRS retired person. I have some fds. Mee HUF vedio is very informative. My question is only business untene HUF account open cheyyala leka fds anni kalipi HUF amount ga chesi interest amount ki tax benefit pondhavaccha. Dayachesi thelapandi. Namaskaaramulu.
How many Indian families/parents share equal rights /property to their daughters When they have a son We should accept that we have more gender discrimination over cast.
What about initial funding of Newly formed HUF? Please discuss tax aspects of initial fund. Whether close relatives can give a cheque for initial funding of HUF
Can we get benfits on proprietorship firm on kartha name. And do we need to add all family members of katha to HUF like If a kartha has 2 sons and 1 daughters. Can we form HUF with kartha and 1 son and not including remaining 1 son and 1 daughter?
To Support our channel , use below links 👇
You can compare Term Insurance here bit.ly/46hsSJA
You can compare Health Insurance here tinyurl.com/pgc9dcxc
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IDFC free Credit Card (Free) - wee.bnking.in/ZTFkZTc1
AU Credit Card (Free) wee.bnking.in/NmZkNGQ4
Tq for your valuable words about HUF
Please do zero tax mutual funds ,.
😊
My Gujarati friends told me about HUF concept to save tax. But not aware of pros and cons in HUF. Thank you for information.
1.Creation of HUF PAN using deed.
2.Elder male is Karta and remaining are copeople (this is for my remembering) and members.
3.We are using mitakahara system so new born person also having right in the properties.
4. We can create a side income business using our income only not with loans and that business income's tax should be taxed separately.
I liked Upto 24 Lacs no tax concept
WOW.... Great Discussion... Excellent explanation about HUF.... AWESOME Information Sai Krishna Garu 👍
What about other religions
HUF gurinchi telusukovali ani nenu recent ga anukunna... And here I have knowledge base... Thank you Team Money Purse
Most welcome
at 15:12 you said - meeru passive income related huf capital ani chupinchagaligithe anaru kada , if I have to start creating HUF today , how do I form a capital under HUF ? Can I show my salary added to HUF capital ? Can I invest in stock market taking money from salary and refer it under the HUF income? Need your guidance in forming capital under HUF .
Could you please clarify/ help understand this , please ?
Very useful for wealth creation legally.🎉🙏
How do we fund the HUF in a tax efficient way?
Could you explain about clubbing provisions when funding HUF from salary of Karta?
# Ask money purse
As every citizen need to file ITR. Even daily labour. But unfortunately ther is a mith that if file we loose direct benfits from govt like arogya sri, rathu barosa, etc and others. Better clarification required sir.
Section 80E includes 80C i.e. maximum 1.5L deduction from 80C , 80D ,80CCD combined
This is introductory video. You can explain further with examples and answering the queries also
Good subject u have taken to clear so many people doubts, T Q verymuch
Good information from MONEY PURSE team.
Pls try to create a video on PARTNER SHIP FIRM's Advantages & Disadvantages
HI Sai Guru, please make one video on Section 44ADA to save tax
Vedio is really good. Today I will follow gradually.
Venkat krishna
Hi Sai garu, Really appreciate the kind of content you have been doing for improving financial literacy. I am NRI and regularly follow your channel. May I request you to do some videos on how NRI can deal with financial transactions like for instance I want to sell the property in Hyderabad and bring money back to USA. What are the tax implications and tips for reducing taxes etc.
And maybe about transferring funds to India, in the same video.
Noted
My relative is in Canada and he is also looking for this info. It would be really helpful for them if this info is shared.
i can assist. Doing it for myself for the last 7 years
Really you are great. I was working in a marwadi company. They were not disclosing about this. Very happy
Thanks for your efforts , my Humble request is pls make a video with Day Trader Telugu bros, because you both brothers team is two eyes for me
1. what is HUF and who can file that.
2. Process to File HUF
3. Advantages and Disadvantages of HUF.
Sai garu.. You nailed it andi.. very informative video..
good morning sai garu...
summary:
1. Huf (hindu undivided family.)
2.Applicable in mh and Assam. now all over india.
3.can be used for only for family memebrs.
4.while doing business we can use huf.
5Need to pay gst in business after 30% + .
Thnaks for the informaion regarding huf. I have a doubt regarding huf that is clarified now after listening your video. is huf is applicable only for business.
Dear Sai Gaaru
I request you to make an awareness video for individual investors & HUF investors on investing in an IPO on max limits how normal allocation of shares is done. The best method for aspiring investors together with advantages of HUF Vs Individual investing in IPOs to achieve the best results as shares allotment.
I remain with my kindest regards
PARTHA.
Patience, Hardwork and Dedication (my PHD formula) is the key to success in kind of fields.
Sai garu..... Amazing video... Really great knowledge.
Tq Money purse team for offering wonderful financial advices to Telugu community ❤
Most welcome
@@MoneyPurse team one doubt, HUF is useful only for business/self employed families right? Can I create a HUF with having only salaried income and no other earning family member? I think it won't be useful right?
Exlent information Sai garu, thank you very much for your valuable information.
I’m not aware of this topic at all. New topic and good to know. Thank you MP team for making this.
Thankyou Money purse Team for the journey of education and knowledge sharing to the society.Iam suggesting the channel for as many people as possible.
I too interested n want to know about. Thank you for providing useful information
Can u pls add more point on Demat account with HUF ... can we invest in MF with HUF PAN account ? if so if the HUF accounts holds in all for 5 members of the family including minors ... can we do a SWP every month for 50K with Zero tax ? Pls suggest on this sir
Hi saai garu, this benefits only for business people not for employees. Whether my understanding correct
what is the deed(affidavit) stamp paper cost we need to use?
Myself and wife both are bank employees together we will get gross income 28 lakhs. We have one minor son. Can we form huf for tax purposes and is it useful for us. Plz guide us
Thank you for super videos. In India most of the companies have clause of dual job and also shouldn't have business partnership. In that case of a HUF started business then how is this going to be interpreted.
Thanks Sai Garu for awareness.
Manaki ipude telusu peda peda kingkongs using from long years 😂 chala manchi peru unna musugu dongalu
Hi చాలా బాగా వివరించారు HUF గురించి.... ఇందులో నాకు 2doubts ఉన్నాయి అన్నా
1) Govt Employees HUF form చేయవచ్చా? అవును ఐతే process same ఆ?
2) HUF SB account open చేస్తే దానిపై tax benefit పొందలేమ? So HUF SB account వల్ల లాభం ఏం?
Good ఇన్ఫర్మేషన్, థాంక్యూ, ssrao
I was waiting for this video from long back.. Thanks Sai & Team..
Really very great informative video.
How can a nri create deed from abroad ?
Can i send funds of my own to huf current account ?
Can i open dmat account using huf pan card
MP team read my mind..HUF gurinchi think chestunna…video was released..Thank you
Most welcome
HUF Government employees open chayyavatchaa?
Pl clarify as per your knowledge.@@MoneyPurse
Hi Sai garu, thank you for another wonderful video.
One of the best video I ever I saw andi, really nice. I want to know can we move assets already bought to move to this HUF newly formed? so that i can save tax? pls guide
super news ....no channel covered this awesome news
Good content brother ✅
Thanks for the wonderful content. In the HUF affidivate DOB of kartha is missing. Recently my affidivate got rejected because of this. Please add DOB and update the document.
Can you do one video on Investor education protection fund for unclaimed shares and dividends and also how to login in iepf5 form.
I tried so many times to login in MCA website but failed .
Website nodal officers are not responding.
Very informative video Sai garu, but nakoka chinna doubt. Ippudu HUF kinda PAN generate chesukunnaka separate demat account create chesukoni manam andhuloki capital ni petti stock market trading leda investments cheyatcha. Eg. 1Father 2 Sons HUF Pan vatchaka stock market investments cheyatcha. And vatiki income tax exemption theesukovatchaa. It would be very useful information. Thank you.
Chala good information ❤
Please explain the benefits of proprietaryship for tax instead of individual name
Can rental income can come under huf
Hi Sai garu, thank you for another wonderful video. I was thinking to start a HUF a year ago, did my research, and found some clauses around saving tax.
The issue is about funding the HUF, if contributions are made by karta or coparceners or any member of HUF then the tax on the earnings from that funds in HUF will be at their individual tax brackets. For example, if I am in 30% tax bracket and I contribute 10 lakhs this year and earn 1 lakh out of the contributed funds then I need to pay 30% tax on 1 lakh.
The earnings will be taxed at HUF tax slabs only if the earnings are made from the funds received from inheritance or funds received as gift money to HUF (from non-members).
With this context the 10 Lakhs contributed to HUF from my salary will not benefit anything in terms of tax savings.
I request you to take a look at this question and help me to correct my understanding. Thanks in advance.
Thanks for the wonderful content.. Please let us know on how to fund HUF..
I am thinking it will help for employees :) looks like its business people..
EPS 95 higher pension scheme gurinchi explain cheyyndi brother
Thank you mp team for valuable information
Thank you for valuable content sir
Most welcome
Hi MP , really very helpful information . Thanks
Most welcome
Hello Anna, Can you share the income from stocks how to do tax filing and what the tax percentage ? If already salaried employee is Earning 10 LKA above how to filing
HUF Account
- can be created after marriage via deed
- only male children’s partners can be added as members to the account
- same rights to male and female kids and their kids
HUF Execution
- Deed, stamp, ID proof submit at PAN centers
- will receive HUF PAN and can claim tax
My Father passed away 10years back. I got married recently. Can I open HUF with my mother as Karta, myself and my sister as Coparceners?
Yes you can
Very usefull information like lesson
Thank you Sai garu
Capital Gains and dividend income HUF lo claim cheyyocha...
Such an informative video 😮
Anna you missed how can we add money to huf is it taxable?
How can we avoid lt. And also can you please give examples of taking advantages like fd
Thank you so much for the information..
Sir, can we treat stock market as a passive with less than one year and also with HUF
Can we invest in the share market (from the HUF PAN card) with our salary??
@MoneyPurse
Thanks a lot sir for detail explanation
Hi Team, HUF base capital mention chesina tarvta. malla later additional capital add chesukovacha? capital ni tax resturn lo ela chupinchala?
I am availing benefits under HUF since 2015
HUF,Mitakshara,Dayabhaga,
Dear Sir
Asalu masthu Paisal sampaadinchi Tax kattakundaqq ITdept ki telvakundaaa etlaaa thappinchukovale saar alaaaa Oka video cheyyandi
Sai Garu Namasthe.
I am Sreenivas a VRS retired person. I have some fds. Mee HUF vedio is very informative. My question is only business untene HUF account open cheyyala leka fds anni kalipi HUF amount ga chesi interest amount ki tax benefit pondhavaccha. Dayachesi thelapandi. Namaskaaramulu.
Good Evening 🌜🌜🌜🌜🌜 Soooooo Super Information Video 👌👌👌👌👌👌👌 Thankyou So Much SaiSir and MP Team 🙏🙏🙏🙏🙏🙏🙏🙏🙏
Most welcome
Hi Bro,
Thanks for sharing valuable information
Very useful information, sir what about Muslims law
Iove you anna ni explaination ki
Thanks for your ANILLISIS🎉🎉🎉🎉❤
Most welcome
Good topic Sai garu.
Thank you very much. Are the sons in law and daughters in law members in HUF?
How many Indian families/parents share equal rights /property to their daughters
When they have a son
We should accept that we have more gender discrimination over cast.
How to apply?
What's the procedure to get one?
Central Govt open chayyavatcha?
In our state Mithakshara HUF benefits are used
16:20 were you talking about using 44 ADA section ?
Yes, can avail
@@MoneyPurse thank you for the reply. 👍🏽
Dear Sai Garu, You are reading it as Suction. It is pronounced as /səkˈsɛʃn/
Thanks Sai garu..
It means like having 2 pan nos one is for individual and other with family. Can we show capital gains, house rent income in HUF
Yes we can
@@MoneyPurse what about interest we get from bonds, fds and stock profits? Please confirm
Good Work MP Team...🎉
What about initial funding of Newly formed HUF? Please discuss tax aspects of initial fund. Whether close relatives can give a cheque for initial funding of HUF
Please make a video on Private limited
Hi sir,
You are telling about passive income for HUF. Can mutual fund investments be passive investments for HUF?
This is a good awareness video but the problem is not everyone in family is comfortable. They have their own demons on this
Can u also format of a will. I require it very soon. Will be thankful if can do it. Unable to trace you people spoke once
సుభాష్ పత్రి జి మీ బందువ సర్.
Sir, jeevan umang policy in lic clear details Chepachu kadha..
10 cr trnover dati thy ela vuntavi benefits
Ultimate...
Hi Sai garu , she’ll we invest in stocks and trade in F&O with HUF account??
Can we get benfits on proprietorship firm on kartha name.
And do we need to add all family members of katha to HUF like
If a kartha has 2 sons and 1 daughters. Can we form HUF with kartha and 1 son
and not including remaining 1 son and 1 daughter?