Huf

How to file ITR-2 online with salary income, capital gains for FY22

Individual taxpayers not having business or professional income can use this form

It's prudent to file nil ITR even if your income is below Rs 2.5 lakh

Filing income tax return will prove handy while applying for a loan, insurance cover, or a visa

Up to 4th line of Hindu descendants can claim share in ancestral wealth

However, assets inherited from one's maternal grandfather are not regarded as ancestral

A deep dive into the SC ruling on daughter's right to ancestral property

Even in families dissolve the HUF, they may still have to give the daughter her rightful share, say experts

It is high time 'Hindu Undivided Family' ceases to be a tax entity

An HUF entity is against the rights enshrined in our constitution and has become a mere tax planning tool in the hands of tax consultants who advise affluent Hindus.

Limited role for wife in HUF

She cannot be the karta but has the right to her husband's share in an estate after his death