Hindu Undivided Family (HUF) Suite

• Hindu Undivided Family (?HUF?) is treated as a ?person? under section 2(31)? of the Income-tax Act, 1961. HUF is a separate entity for the purpose of assessment under the Act.


• Under Hindu Law, an HUF is a family which consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters. An HUF cannot be created under a contract, it is created automatically in a Hindu Family.


• Jain and Sikh families even though are not governed by the Hindu Law, but they are treated as HUF under the Act


• It is managed by Karta.

The head of the HUF is called the Karta, which is the senior-most male member of the family.

Ancestral property is the property which a man inherits from any of his three immediate male ancestors, i.e. his father, grandfather and great grandfather. Therefore, property inherited from any other relation is not treated as ancestral property. Income from ancestral property held by following families is taxable as income of HUF:

a) A family of widow mother and sons (may be minor or major) ;
b) Family of husband and wife, having no child ;
c) Family of two widows of deceased brothers ;
d) Family of two or more brothers ;
e) Family of uncle and nephew ;
f) Family of mother, son and son?s wife ;
g) Family of a male and his late brother?s wife

All the members of the Karta?s family can be members of the HUF. The male members are called coparceners, while the females are referred to as just members. The difference between the two is that any of the coparcener can demand partition of the HUF. The female members do not have this right in most parts of the country, except for some states like Maharashtra and Tamil Nadu that have allowed unmarried daughters to function as coparceners.

Yes. Advisory is included both during setup and during annual filing.