Updated: January 14, 2023, 11:01 PM IST
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Cart in a Hindu Undivided Family, HUF… MoreA Hindu Undivided Family, HUF consists of the Karta as the head of the family and all the members of the family as coparceners. A HUF consists of the descendants of a common ancestor including wives and unmarried daughters. Let us see how this HUF can be a tax saving tool for the family