HUF

Definition : Hindu Undivided Family
Category : Governmental » Rules & Regulations
Country/Region : India India
Popularity :
Type :
Initialism

What does HUF mean?

Hindu Undivided Family (HUF) is a family unit under Hindu law that is treated as a separate entity for the purpose of income tax assessment.
HUF consists of all persons lineally descended from a common ancestor, and includes their wives and unmarried daughters.

Note:
In India, there is a culture of joint families where multiple sources of income often arise for the family as a whole rather than a specific individual. In such cases, the income earned by the HUF is taxed as a separate entity and not in the hands of any individual family member.
To facilitate the taxation process, a separate Permanent Account Number (PAN) card is allotted to the HUF.

Sort By: Popularity Alphabetically Filter by: Country/Region: Category:
We have found 3 more results for HUF
Hungary HUF Hungarian Forint
Regional
>>
Currencies
United States HUF Terre Haute International Airport
Transport & Travel
>>
Airport Codes
United States HUF Huffy Corporation
Stock Exchanges
>>
NASDAQ

Frequently Asked Questions (FAQ)

What is the full form of HUF in Taxation (India)?

The full form of HUF is Hindu Undivided Family

What is the full form of HUF in Governmental?

Hindu Undivided Family

What is the full form of HUF in India?

Hindu Undivided Family

Translation

Find translations of Hindu Undivided Family