Every Married Man Should Open This
An HUF account essentially acts as a
separate legal entity for taxation. Once you create it, you get a separate
PAN card, which means separate tax exemptions and deductions
under Section 80C. This allows you to split income between yourself and
your HUF, reducing your overall taxable income.
Whether it’s rental income, business profits, capital gains, or investments, you can allocate them to your HUF and significantly cut down your personal tax liability. The best part? Simply being married makes you eligible to set up an HUF.
For salaried individuals, business
owners, and investors, this can translate into lakhs in annual savings.
By leveraging this age-old yet fully legal structure, you are not only reducing
taxes but also creating a parallel identity for smarter financial planning
in India.
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If you haven’t opened an HUF account
yet, you’re probably paying more tax than you should. Start today and let your
money work smarter for you.
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tips.
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