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Hindu Undivided Family (HUF) Formation

How does a HUF file income tax returns?

Filing income tax returns for a Hindu Undivided Family (HUF) Formation involves the following steps:   1. Obtain PAN for HUF:    - The HUF must have its own Permanent Account Number (PAN) separate from its members.   2. Gather Financial Information:    - Collect details of income earned by the HUF, such as rent, interest, business income, or capital gains.   3. Prepare Financial Statements:    - Prepare the HUF’s financial statements, including the ba


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