ARPIT PATEL (3 Points)25 November 2021
please let me know how we can save tax of individual who is earning money through salary,who is in 30%slab by forming HUF.
For only salary income, HUF is not helpful, as salary income cannot be diverted to HUF account.
Replied 25 November 2021
Formation of HUF does not require investment by individual. It is form by nature, once a Hindu couple gets married.
For you assistance, you can gift about < 50K in HUF and start investing without any gift tax liability.