Taxpert4u
Tax & Business Solutions
Initializing Infrastructure
Initializing Infrastructure
Create a separate tax entity with your family. Save taxes legally with an additional PAN and slab benefits.
A Hindu Undivided Family (HUF) is a separate legal and tax entity consisting of all persons lineally descended from a common ancestor, including wives and unmarried daughters. The senior-most member is the Karta (manager) who manages the HUF. The biggest advantage of forming an HUF is that it gets a separate PAN card and is taxed independently — meaning the family gets an additional tax slab benefit of ₹2.5 lakhs, effectively saving significant taxes legally.
We draft a proper HUF deed listing the Karta, coparceners, and members with their relationships.
Apply for a separate PAN card in the name of the HUF.
Open a bank account in the HUF name with the Karta as the authorized signatory.
Transfer assets or gifts to the HUF. We advise on the best tax-efficient ways.
File a separate ITR for HUF income. Enjoy full slab benefits independently.
HUF gets its own ₹2.5 lakh basic exemption and full slab benefits
A completely separate PAN and ITR filing — independent of members
HUF can independently claim ₹1.5 lakh deduction under 80C
Health insurance premium for family members paid by HUF is deductible
Transfer ancestral property to HUF for separate taxation of rental income
HUF can carry on business and the income is taxed at HUF level
Save taxes legally with a separate family entity. FREE consultation with our CA.