Huf detail

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Hello ,

My father has age 61 (retired from govt. service) and have a taxable income with pension and intrest and other income.

Me and My Wife And My Mother also doing service.

so i am asking for , how to create HUF is good? means with my father as karta or me as a karta?

In addition after creating HUF with karta is my father, can my father transfer money to HUF account and yes it is taxable?

i just want to save tax by use of HUF. so please guide me on this issue

Replies (1)
Sir both can create huf .but as per information u cannot save tax on salary ya but u will save tax in other head


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