importance of formation of HUF in this era.
This query is : Resolved
17 December 2016
hello.
my query is that why one should form HUF instead of other structures like company.
18 December 2016
Basically HUF created for tax benefit purpose. HUF tax slabs are as same as individual not like flat 30% for corporates and it's is very beneficial for family owned business
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20 December 2016
thank you sir, suppose business of HUF has large turnover, does it affect tax benefits to the HUF?
28 December 2016
Yes. Small or medium business can be done by HUF, incase large business always tax rate will affect
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