HUF Tax Benefits | HUF Account Benefits | HUF Account in Hindi | What is HUF in Income Tax Act

HUF Tax Benefits | HUF Account Benefits | HUF Account in Hindi | What is HUF in Income Tax Act
huf tax benefits
huf account benefits
huf account in hindi
what is huf in income tax act
hindu undivided family income tax act
huf income tax
benefits of huf account
what is huf
what is huf account
huf benefit in income tax
huf account opening procedure
how to open huf account
👉 Tax Planning Course - go.myonlineca....
👉 Consult with Expert - go.myonlineca....
--------------------------------------------------------------------------------------------------
👉 Services - go.myonlineca....
💁 WhatsApp Group - go.myonlineca....
💁 Telegram Channel - go.myonlineca....
🌐 Website - www.myonlineca...
------------------------------------------------------------------------------------------------
⭐ Follow Instagram - go.myonlineca....
⭐ Follow FB - go.myonlineca....
⭐ Follow Twitter - go.myonlineca....

[@myonlineca]

👉 Tax Planning Course - go.myonlineca.in/course
👉 Consult with Expert - go.myonlineca.in/callconsult

[@shubhamgautam2542]

Thank you so much sir

[@udayansengupta3222]

To divert house rental income is it necessary to have the sale of that house or it may remain in the person name?

[@dotcom7984]

No the owner is only entitled to receive the rent
So, transfer the ownership to HUF

[@rajeshunawane503]

Send example of HUF Deed format

[@abhik214]

CAN I ADD CASH IN MY HUF TO AVOID CULBING INCOME ?

[@advarunathakkar2614]

GST 20,00,000 LImit benefit also possible please?

[@agmsolution]

Yes, since HUF is also a separate entity hence GSt limit is also applicable

[@redbull0711]

Tai : iska game bajana padega 😂

[@ketanraval8154]

Income kaha se dikhaye

[@Lamp141]

I'm a senior citizen business man and have separate HUF PAN+bank account. Can I invest 1.5L in SCSS through my HUF savings account to claim 80C benefits as per old IT regime for my HUF PAN ??

[@sujitsoni7026]

Nope, a HUF can't invest in SCSS or get 80C benefits from it. Only individual senior citizens (60+) can. HUFs can't open SCSS accounts. For 80C benefits for your HUF, try PPF (if you have one), 5-year tax-saving FDs, NSC, life insurance for HUF members, or paying off the housing loan principal on HUF property.

[@Lamp141]

@sujitsoni7026 SCSS will be opened in my individual name only like PPF. I'm asking if I can invest money into my individual SCSS account via HUF savings account and if can claim 80C deduction for HUF account.

[@sujitsoni7026]

SCSS funds must belong to the individual account holder, so using HUF funds for your personal SCSS account may not comply with tax rules.

[@dotcom7984]

You can take loan from HUF in your Individual A/c and invest that into SCSS
But 80C benefit is not possible as the investment is in your personal name not is HUF

[@sanjoymisra5309]

Sir, I have bought US share through Ind Money and Crypto through Coin switch. Both platform are Indian and my PAN is updated there. Is it considered as foreign assset in IT Act and have to declare in IT return?

[@bhushansutar9307]

Yes

[@avinashsharma3191]

Can you run a business on HUF pan?

[@dotcom7984]

Yes

[@Krishnadhurwey1986]

I belongs to a tribal caste. Am I eligible to form a HUF?

[@deveshjain6256]

Sir can me and my wife both can transfer fund from salary account to huf account and if yes what is the limit in one financial year? Is there any tax implications if i transfer 20lakh rupees to huf account to save bank interest?

[@dotcom7984]

If you transfer the money to HUF without showing any reason then it will be booked in your income only.
So, you can pay it as rent or consult a professional
(In Huf Rs. 300000 is 0 tax and after that tax is applicable as per slab)

[@deveshjain6256]

@@dotcom7984 But l already paid tax on salary income and now if I wish to transfer to HUF account. It should not be an issue. Isn't the case? Then What are the possible ways of adding funds in huf account without tax implications?

[@manishbhadrecha0157]

Sir deduction ko ab hata dijiye jyada din nahi rahega

[@cashbackdeals4840]

12 lac salary ko 6 lac personal or 6 lac huf me dikha sakte hai ??

[@User_Username260]

No.
Huf cannot have salary income, it can have property, or business income if u split income like this then clubbing provisions will be applicable

[@Singhal9460]

Sir, a female can become karta of huf ?

[@agmsolution]

Yes

[@shubhaamkeswani2116]

Thankyou so much sirr for this video ... Sirr is it necessary to have a child to create huf?

[@veertheoneonly8857]

No

[@gunjanjain5936]

Sir is it mandatory in huf to have child

[@ShubhamSharma-gg9bb]

Same question

[@Dwarkeshable]

No.. only husband and wife are sufficient

[@ShubhamSharma-gg9bb]

@@Dwarkeshable but my CA rejected by saying that child is necessary

[@Dwarkeshable]

@@ShubhamSharma-gg9bb the day you marry you are eligible to create HUF..