What is Hindu Undivided Family? | Explained With Practical Examples
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- Опубліковано 8 лют 2025
- This video is to explain the concept of Hindu Undivided Family so that the students can also appreciate the provisions contained in Income Tax Act for the taxation of an HUF.
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I am a software enginner. I will probably get married in 1-2 years. I am not watching this for any exam. But for my personal tax planning. This is the best channel
Searched the entire internet but Nothing matches the amount of knowledge grasped from this video. Thanks for the effort... Much appreciated. 🙏
I am in XI and i watch all your videos.. It keeps me motivated that my aim is to be a CA and i come to learn many new informative things...Thank you sir. 😊... Next year i will surely join your classes.
Same✋
Me to bro same
Same ❤️
Pls telll me where is next part
I really admire the way you explain conceptual clarity around technical topics. I come from engineering background and yet I watch your videos and you've added to my knowledge in huge amounts.
Well explained the concepts lucidly. Crystal clear, very useful for students and qualified professionals as well. All the best CA Sahil Jain
Kya bariki se samjhaya, Aapne, Dil jit liya, Love you sir ji❤❤❤❤❤❤❤
Finally!! I got the clarity of HUF.😎😊
Thanking you so much sr..
Thanks for uploading thease type of helpful videos..
This is more than ca course
No one has ever taught nor will be able to teach this topic like this ⭐
Thank you sir superb teaching sir aeshi aur videos laate rahiye aapki videos dekhnae mae bahut maza aata hai
Ultimate session Sir. You have cleared my all queries. Thank you so much. Take a bow🙏
Your video is very good, I am Chemistry student doing work in soil-less farming, I would like to know which software you are using to explain ( white bord software)
Sir I must say me aapke saath tab se judava hu jab u were having 99k subscriber now 375k + growing 💗.......👍🏻
Thanks for giving conceptual clarity on HUF.
Great sir huf explained in best way now I have understood thankyou
You are good teacher sir, ❤ love you❤❤❤
Better than expected with lot of clarity.
पूरा लेक्चर ज्ञानवर्धक है।
I have cleared class 12 with humanities and have no plans to become a CA but still I watch all your videos
Very soon 1 million subscribers you will reach . God bless you
Nice watching your vlogs......really educating.
You always explain about peopel mistaking mistakes with departments, Request you to share your knowledge how to get saved and take action against corrupt officers and how to report there criminal activities.
As now a days many department officers are demanding bribe fearlessly.
Tysm sir, super sir , bahot acha samjaya life time remember rahega🙏
After watching sas bahu serial , I can relate with this 😅.
After watching this video , my understanding relating to serials got much better .
You have a great sagacity , may Almighty Allah give you more success in you life ..
God bless you sir bht asha smjte Ho 😊
How to make adsense account for HUF. No detail video anywhere in google
Thanks you Sir, fine explained about HUF.
Superbly explained
Superb sir, btw u have got big boss' voice
Excellent Session Sir
Very nice concept sir.... but i have one query in that... i hope will be clarify by you sir...
In this lecture, you said that after the death of A & B, their son and daughter has made HUF and transfered A & B properties to that HUF. Here, by whose name they made HUF ? As well as after the death of A & B , can they be able to made HUF in the name of deceased person.
Sir, it was really a very nice explanation of HUF. But, I have same doubt here that all the THREE children are unmarried at the time of death of their parents Mr. A & Mrs. B. So, in whose name HUF will be created. Whether such HUF can be created in the name of deceased person. I will be waiting for your reply. Thank your very much.
I think he is making a mistake here. The assets in personal name of parents will go to children's personal file by Hindu succession Act as Class-1 legal heir. They can't be 'transferred' to any HUF. If the assets were in name of Father HUF then they will remain in the Father HUF survived by 3 coparcenery children.
Yes, HUF can be in the name of deceased, eldest Son would be considered as Karta
Very nicely explained 🙏🙏
Thank you sir
This imfo are very usefull👍
VERY GOOD EXPLANATION SIR
Kahan the sir aap... Really too good
Thanks alot sir for clearing concept
Sir agar total 3 coparcener hai
Koi 2 demand karenge ki becho to kya ye property bikegi agar 3rd coparcener ready naa ho bechne ko fir bhi?
Please make the video on taxation of HUF
Resp. Pl clarify whether a father can gift to Son's HUF, or HUF take loan fr father.
Hi sir thank you for explanation, but in family has only daughters then what would be scenario?
Thanks a lot sir
Sir how tax saving can be done by creating huf
Wonderful explanation 👍👍
Sir..is a adopted children considered as "by birth" on a HUF ??
No.
There is no distinction made between blood-related child, step child or adopted child
You said huf gets automatically created, dose that mean all we have to do is to get a bank account and PAN for the huf. If yes, then what will be the name of the huf in documents?
What if A is dead , then will B be a coparcener since she is pooling in her assets as well?
Sir can i be individual tax payer and then also created huf ?
And separate my tax liability from huf liability. Please expalin the tax aspect of huf wrt it co parceners?
Mrs B bhi coparcener rahegi ya nai?
Can co-parcener make another huf ?
If co parcers demand partion then the chain the chain will be broken??
Superb
Thank you for this Detailed Content
Pls make video for other form of organization
what is the limit for expense that could be claimed by 'members'
Sir if i pay .. Advertising exp in less than 10 k .in a single day is it allowed ??? as yours example
My great great grandfather had brought property in 1914 . .
There are about 50 legal hire
.
What happens when parents create an HUF, they have two daughters, so they become co-parceners, after their marriages, they again have two daughters each. Will the HUF still function?
In a recent discussion with an advocate he said grand children (minors) coparseners of son are not entitled to equal share under Mitakshara school of thought. They are only entitled to share of father. This is different to what you have in the video. Is there a ruling to proof what you have taught?
please also explain the case where 'leg' has only daughters
21:04 the reason behind daughters children won't be considered Co-partners because those children will get property rights from the sare of their father's property.. Otherise un baccho ko nanaji and dadaji dono ke property me rights milega.. Complication badhta jayeya
Am I eligible to open a demat account for my HUF with zerodha and start investing to mutual fund and shares? Currently my HUF only has 2 members me as karta and my wife as member and we do not have a child. So my question is Am I eligible to open demat account for my HUF and can i start investing?
Hi, Can you please answer if HUF can pay for the family maintenance like rent and daily bills and remove that from the HUF income?
Let's say if i break all my family's FD where that income from FD's interest was increasing their taxes and put it in my HUF account will that be counted as HUF income from the following year ?
Sir, Does an HUF need to change PAN if karta dies?
Sir in your eg after death of A B , who will be Karta ? As you mentioned all son and daughter as coparcener. And please update about next session about taxability of HUF.
Property of Great grandmother in the hands of Great grandsons form coparsonary of HUF .... please clarify
SIR IS IT NECESSARY TO HAVING 2 COPARCENERS FOR ASSESSING HUF UNDER INCOM TAX PURPOSE..?? Please guide..
If it was only 1, then there itself exist no reason for existence of HUF, because assets can be transferred without any problem.
W.e.f. 6th September 2005, there need not be more than 1 male member or female co-parcener to form an HUF. (Therefore, an HUF as an assessable entity need not consist of at least 2 members-- even 1 member can form an HUF)
If son A have 2 sons and son B have 1 son, will the share be divided in 5 equal parts or son A's share will be divided in 3 parts and son B's in 2 parts?
Same doubt... please explain if anyone knows it
Yes, under Mitakshara School of Law, it would be divided into 5.. and wherein in Dayabaga the major distribution would be in 2, and further distribution among their children.
My dad died 2 year before, mom my 4 year elder sister and me unmarried, can we create huf, please guide.
Is huf a body corporate?
Sir
Mere and meri wife ke naam mein property hai
Uska rent hum HuF Account open ker ke usme le sakte hai kya as per law
Rent amount zada nhi hai 12 k approximate
A Jain explaining Hindu Undivided Family 🙏. This is my nation's diversity 🤪
Is it require to have kids, or I can create it as soon as I get married?
What does after 2005 mean, taking daughter birth after 2005 or marriage of 'leg' after 2005 or death of 'leg' after 2005. Please make it clear
Sir, when we initially make deed for HUF, then are we require to alter deed every time when new child is born in family (i know that it get rights as on birth, but I want to know are we require to make changes in deed or it will be assumed as child is co-parcener's)
Every child born in the family gets co-parcenery rights by birth itself. You don't have to specifically provide for the same in any deed. It is implied nature of HUF.
@@TaxationWithCASahilJain Ok, Thank you sir
Comic timing of sir is epic.. 😂😂😂 33:20
Great sir..! 😘
How ancestral property or Assets can be transferred to son or daughter HUF as the parent during there life time not created an HUF after they deceased how HUF can be formed
Sir is there any such similar option for other communities in India ? Also when this HUF policy was introduced in India?
It is not a policy. It was an age old prevalent practice in India to have family businesses. The Britishers gave HUF a separate legal status for taxation purposes and the same thing is continuing today. Jains and Buddhists are also covered in HUF definition.
Is one of the son of MR. A has 3 children instead of two while other have 2children then even every child share will be same in HUF?
18:36 what about adopted children
Engineers like me watching sir videos and wonder its time for new field ( FINANCE ENGINEERING)😅
What will happen in case of adopted son or daughter?
You've said that members can gift a property to HUF (I'm assuming by members you mean members and co-parceners). What if I have a flat in my name which can be transferred to my HUF. Will rental income from that be added to HUF's income.
This doesn't sound logical. As per my knowledge, members of HUF can transfer money/assets to HUF but whatever gains will arise from that asset will be clubbed with member who transferred that asset. Can you shade some light here?
Will be assessed under HUF if you transfer ownership details.
@@dr_priyam Thanks for the answer.
Does that mean, anyone with a flat given for rental, should create a HUF and transfer the flat to it, to effectively avoid tax on rental income?
Question 1: can i take 50000 using cheque from my relative in in my huf account ? and in ITR can i show that as HUF income?
Question 2: can i take 2 lac using cheque or NEFT from my father or fatherinlaw in in my huf account ? and in ITR can i show that as HUF income?
But what is the purpose of the income?
If you are taking it as business transaction or rent fron property owned by HUF then you can, else not.
If the Son/Daughter is legally adopted, then?
You are amazing sir..🤗
Can HUF hire someone to manage its operations other than its family member
Yes, at the very starting of the video sir said that it didn't matter what qualifications the karta had...he will be the one managing this joint family business...and he can hire someone else to perform his duty
Yes
If karta becomes women, and after marriage she goes to her law's house..after marriage how will HUF grow???
2005 daughters were included in HUF. Some one should thank the govt in centre at that time. Anyways excellent video Sir concept totally cleared.
but only till marriage..and she cant pass the chain
They added it bc of pending demand of cases
May i have proforma deed for exting HUF which is exting long back
Sir My father purchase property in 1975 as(jayntilal devshi shah huf )but at that time he has done payment from personal saving bank account as he does not have Huf Pancard . Secondly Our original Surname Is SAVLA , after 2000 we have done every document transfer as SAVLA and taken pancard of my father Huf in 2010 with incorporation date 1979. As Jayntilal devshi savla Huf.
Now question is we want to sale property purchase in 1975 in WHICH as buyer it written as Jayntilal Devshi shah Huf and rightnow we have pan card and Bank Account as Jayntilal Devshi Savla Huf .
Now as per sale deed buyer is saying to wtite seller Name to be return as Jayntilal Devshi Shah Huf .
In that case how to get payment in my bank account of jayntilal devshi Savla Huf
I still can’t comprehend the word “undivided”. Do Hindus have divided family as well?
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Sir what does it mean when it is said that the membership in HUF is limited to 3 successive generation ?
Does that mean after 3 years the first generation are no longer members?
No then a new set HUFs is made that as per deed divide the assets and move on as regular
Land in name of Great Grand mother as per HSA will it be coparsonary to Great Grandson in 4th Generation.
First viewer..
Do we have to register huf deed in sub registrar office?
no..
I am from West Bengal but here after father's death mother is eligible to hold the property or businesses and after death of mother son and daughter demands for partition otherwise not.
Can a female b a Karta in HUF? There was some amendments in Jan 2016 regarding this. If yes, what will be her rights nd how will she operate the things.
Yes she can be karta off huf the rights are equal as male karta have over a huf's business
Can someone make a will of HUF property??