Hindu Undivided Family (HUF) Benefits Explained in Telugu | Save upto ₹24 Lakh Tax

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In this comprehensive KZbin video, delve into the intricate concept of the Hindu Undivided Family (HUF). Exploring the foundations of Indian taxation and family structures, this video elucidates the unique aspects and implications of an HUF.
Beginning with a historical and cultural context, the video navigates through the origins and significance of the HUF in Hindu law, showcasing its role as a distinct entity for tax purposes. It explores the formation and composition of an HUF, emphasizing the joint family structure and the concept of coparcenary rights.
Moreover, the video delves into the taxation aspects, elucidating the tax benefits and provisions applicable to an HUF under Indian tax laws. It explicates the nuances of income tax exemptions, deductions, and other financial advantages available to HUFs, providing practical insights for viewers seeking to optimize their tax planning strategies.
Furthermore, the video discusses the legal procedures involved in creating and managing an HUF, highlighting essential considerations for individuals contemplating the formation of such a family structure.
With a blend of informative content and practical insights, this KZbin video serves as an educational resource for viewers keen on comprehending the nuances of Hindu Undivided Families, catering to both novices and individuals seeking in-depth knowledge on this significant aspect of Indian taxation and family dynamics.
Do watch the vide till the end and share it with your friends and family.
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Thanks for watching..
Team Money Purse
00:00 Intro
02:48 The HUF
03:21 Who are Hindus As Per HUF & Types Of HUF
04:23 Who Can Form HUF
06:12 Who Are Karta, Coparceners & Members
08:25 The Amendments
10:20 The Execution
13:21 Case Study on HUF taxation
17:35 Disadvantages Of HUF

[@MoneyPurse]

To Support our channel , use below links 👇 You can compare Term Insurance here bit.ly/46hsSJA You can compare Health Insurance here tinyurl.com/pgc9dcxc Get Best & Free Credit cards Apply Now IDFC free Credit Card (Free) - wee.bnking.in/ZTFkZTc1 AU Credit Card (Free) wee.bnking.in/NmZkNGQ4

[@ravikiran6889]

Tq for your valuable words about HUF Please do zero tax mutual funds ,.

[@rajendermaggidi6523]

😊

[@venumohan2756]

WOW.... Great Discussion... Excellent explanation about HUF.... AWESOME Information Sai Krishna Garu 👍

[@BtechDropout_Trader]

What about other religions

[@ravindranathpuvvada1966]

Very useful for wealth creation legally.🎉🙏

[@tharunmahadev9211]

Good content brother ✅

[@kiranthiruveedhula3563]

Good information from MONEY PURSE team. Pls try to create a video on PARTNER SHIP FIRM's Advantages & Disadvantages

[@parthasarathyr.2728]

Dear Sai Gaaru I request you to make an awareness video for individual investors & HUF investors on investing in an IPO on max limits how normal allocation of shares is done. The best method for aspiring investors together with advantages of HUF Vs Individual investing in IPOs to achieve the best results as shares allotment. I remain with my kindest regards PARTHA.

[@kumar_immidi]

Thanks for your efforts , my Humble request is pls make a video with Day Trader Telugu bros, because you both brothers team is two eyes for me

[@Dileep_Reddy]

Thankyou Money purse Team for the journey of education and knowledge sharing to the society.Iam suggesting the channel for as many people as possible.

[@yerramsettiumurty7402]

Good subject u have taken to clear so many people doubts, T Q verymuch

[@gvrk0255]

My Gujarati friends told me about HUF concept to save tax. But not aware of pros and cons in HUF. Thank you for information.

[@srikantharvapalli]

HUF gurinchi telusukovali ani nenu recent ga anukunna... And here I have knowledge base... Thank you Team Money Purse

[@MoneyPurse]

Most welcome

[@Trading_Mindfully]

Sai garu..... Amazing video... Really great knowledge.

[@pavantej9666]

I’m not aware of this topic at all. New topic and good to know. Thank you MP team for making this.

[@srijaaakula]

Such an informative video 😮

[@aasaanacademy]

Patience, Hardwork and Dedication (my PHD formula) is the key to success in kind of fields.

[@vinodputta5507]

Good topic Sai garu.

[@pratapc.r.1569]

This is introductory video. You can explain further with examples and answering the queries also

[@vinaykumar-gn4td]

Thanks for the wonderful content. In the HUF affidivate DOB of kartha is missing. Recently my affidivate got rejected because of this. Please add DOB and update the document.

[@RaviShankar-gm9of]

Ultimate...

[@malleswararaomaguluri6344]

Thank you mp team for valuable information

[@venkatkrishna8578]

Vedio is really good. Today I will follow gradually. Venkat krishna

[@balubathina2437]

# Ask money purse As every citizen need to file ITR. Even daily labour. But unfortunately ther is a mith that if file we loose direct benfits from govt like arogya sri, rathu barosa, etc and others. Better clarification required sir.

[@PavanKumar-fz4bg]

Sai garu.. You nailed it andi.. very informative video..

[@maniachyuta7203]

good morning sai garu... summary: 1. Huf (hindu undivided family.) 2.Applicable in mh and Assam. now all over india. 3.can be used for only for family memebrs. 4.while doing business we can use huf. 5Need to pay gst in business after 30% + . Thnaks for the informaion regarding huf. I have a doubt regarding huf that is clarified now after listening your video. is huf is applicable only for business.

[@phanirajraichooti]

Hi Sai garu, thank you for another wonderful video. I was thinking to start a HUF a year ago, did my research, and found some clauses around saving tax. The issue is about funding the HUF, if contributions are made by karta or coparceners or any member of HUF then the tax on the earnings from that funds in HUF will be at their individual tax brackets. For example, if I am in 30% tax bracket and I contribute 10 lakhs this year and earn 1 lakh out of the contributed funds then I need to pay 30% tax on 1 lakh. The earnings will be taxed at HUF tax slabs only if the earnings are made from the funds received from inheritance or funds received as gift money to HUF (from non-members). With this context the 10 Lakhs contributed to HUF from my salary will not benefit anything in terms of tax savings. I request you to take a look at this question and help me to correct my understanding. Thanks in advance.

[@phanikumarrampalli8]

Thanks a lot sir for detail explanation

[@dilip6281]

Hi Sai Garu kudos for your efforts 👍

[@sivakumarvemuri2288]

Thank you for super videos. In India most of the companies have clause of dual job and also shouldn't have business partnership. In that case of a HUF started business then how is this going to be interpreted.

[@dadaeditz3073]

Section 80E includes 80C i.e. maximum 1.5L deduction from 80C , 80D ,80CCD combined

[@prabhakaramaddileti9679]

Exlent information Sai garu, thank you very much for your valuable information.

[@hariprasad416]

HI Sai Guru, please make one video on Section 44ADA to save tax

[@ravuriraju407]

Really very great informative video.

[@vamsimaddula8358]

Hi Sai garu, Really appreciate the kind of content you have been doing for improving financial literacy. I am NRI and regularly follow your channel. May I request you to do some videos on how NRI can deal with financial transactions like for instance I want to sell the property in Hyderabad and bring money back to USA. What are the tax implications and tips for reducing taxes etc.

[@Sandeesh_Srikantam]

And maybe about transferring funds to India, in the same video.

[@MoneyPurse]

Noted

[@blessable27]

My relative is in Canada and he is also looking for this info. It would be really helpful for them if this info is shared.

[@kals1284]

i can assist. Doing it for myself for the last 7 years

[@pandurangaraonaraparaju2704]

I too interested n want to know about. Thank you for providing useful information

[@RajaSumanReddy]

How do we fund the HUF in a tax efficient way? Could you explain about clubbing provisions when funding HUF from salary of Karta?

[@rameshm7411]

Thanks for the wonderful content.. Please let us know on how to fund HUF..

[@narendrad9333]

Good Work MP Team...🎉

[@techneelalohitintelugu6550]

Good ఇన్ఫర్మేషన్, థాంక్యూ, ssrao

[@srguduru]

Hi Sai garu, thank you for another wonderful video.

[@abc-xyz12345]

Tq Money purse team for offering wonderful financial advices to Telugu community ❤

[@MoneyPurse]

Most welcome

[@sandeepravikanti2228]

​@@MoneyPurse team one doubt, HUF is useful only for business/self employed families right? Can I create a HUF with having only salaried income and no other earning family member? I think it won't be useful right?

[@spotnuru83]

One of the best video I ever I saw andi, really nice. I want to know can we move assets already bought to move to this HUF newly formed? so that i can save tax? pls guide

[@sangeetham3364]

Please explain the benefits of proprietaryship for tax instead of individual name

[@MrGSVSNMURTY]

Very usefull information like lesson

[@jrchaitanya3233]

Sir, can we treat stock market as a passive with less than one year and also with HUF

[@deepaktips]

1.Creation of HUF PAN using deed. 2.Elder male is Karta and remaining are copeople (this is for my remembering) and members. 3.We are using mitakahara system so new born person also having right in the properties. 4. We can create a side income business using our income only not with loans and that business income's tax should be taxed separately. I liked Upto 24 Lacs no tax concept

[@balajisriram668]

# Ask Money Purse Hi Anna, As you explained it is very good... I have a question regarding, how important it is to keep huf deed even after getting huf pan and what if we lost it. Is there any possibility to get it from PAN centre or do we need to re-create again with the help of lawyer by specifying lost of deed and generate it again?

[@TheJagadeeshreddy]

Chala good information ❤

[@gnyaneshwark4942]

Iove you anna ni explaination ki

[@voiceofjanasainik]

Hi Bro, Thanks for sharing valuable information

[@Dabbuluvurikeraavu]

MP team read my mind..HUF gurinchi think chestunna…video was released..Thank you

[@MoneyPurse]

Most welcome

[@sankararaobongu4346]

HUF Government employees open chayyavatchaa? Pl clarify as per your knowledge.​@@MoneyPurse

[@rajuasme1]

I was waiting for this video from long back.. Thanks Sai & Team..

[@sreenivasuluadigopula8966]

Thank you sai garu

[@MoneyPurse]

Most welcome

[@hemantharaju6101]

Hi MP , really very helpful information . Thanks

[@MoneyPurse]

Most welcome

[@ramprasadvasavi]

Hi Sai Sir, Please explain about 80CCH tax benefit

[@ChMh1224]

at 15:12 you said - meeru passive income related huf capital ani chupinchagaligithe anaru kada , if I have to start creating HUF today , how do I form a capital under HUF ? Can I show my salary added to HUF capital ? Can I invest in stock market taking money from salary and refer it under the HUF income? Need your guidance in forming capital under HUF . Could you please clarify/ help understand this , please ?

[@hemanthrajakuncham]

Thank you so much for the information..

[@ushodayaauto]

wonderful information SAI

[@nugurunarasimhachary5500]

super news ....no channel covered this awesome news

[@goutam_vizag]

Very informative video Sai garu, but nakoka chinna doubt. Ippudu HUF kinda PAN generate chesukunnaka separate demat account create chesukoni manam andhuloki capital ni petti stock market trading leda investments cheyatcha. Eg. 1Father 2 Sons HUF Pan vatchaka stock market investments cheyatcha. And vatiki income tax exemption theesukovatchaa. It would be very useful information. Thank you.

[@shankarleaf6696]

Thank you for valuable content sir

[@MoneyPurse]

Most welcome

[@rajn5186]

Good information Sai garu.. HUF deed, current account, Karta, Coparcners, Members. All these are key points. If we had opened any Proprietary concern in the name of Partner (Wife), Can we execute HUF? since Wife would be also part of HUF

[@xyz-ll9pk]

Ofcourse ur wife will be a member and u will be a karta and income tax act prakaram husband and wife relative kinda vastaru so mi wife income separate and huf income separate avtundi and huf lo tanu member ayite huf lo tana share tanu individual file chesetappudu add avtundi

[@srenivasaraopavuluri9595]

Thankyou sai garu

[@mlnprasad6763]

Really you are great. I was working in a marwadi company. They were not disclosing about this. Very happy

[@kishoretkumar9311]

EPS 95 higher pension scheme gurinchi explain cheyyndi brother

[@vijaygvk9]

Can you do one video on Investor education protection fund for unclaimed shares and dividends and also how to login in iepf5 form. I tried so many times to login in MCA website but failed . Website nodal officers are not responding.

[@saripalliabhinay5111]

Hi Sai Garu, I am private employee. Thought of owning a business in parallel with respect with respect to teaching. Can we take advantage of addition HUF for generated income ? Also my marriage is yet to registered .Can we go ahead with HUF application without marriage registration details ? Looking forward for your response.

[@rajkumarchinni]

Very good information...thank you so much... Can HUF fund invest in market equities? Can HUF buy land or property and generate rental income? How to move funds from our income in to HUF?

[@prasadchowdary12]

Please make a video on Private limited

[@gvkrishnasai]

What about initial funding of Newly formed HUF? Please discuss tax aspects of initial fund. Whether close relatives can give a cheque for initial funding of HUF

[@pavannelakurti]

Thanks Sai Garu for awareness. Manaki ipude telusu peda peda kingkongs using from long years 😂 chala manchi peru unna musugu dongalu

[@ravichandra22]

Good Evening Sai Garu, 😊

[@MoneyPurse]

Good evening Ravichandra garu

[@poornapalla871]

Good Evening 🌜🌜🌜🌜🌜 Soooooo Super Information Video 👌👌👌👌👌👌👌 Thankyou So Much SaiSir and MP Team 🙏🙏🙏🙏🙏🙏🙏🙏🙏

[@MoneyPurse]

Most welcome

[@lnassociates5049]

To d point !!!

[@govindd6073]

what is the deed(affidavit) stamp paper cost we need to use?

[@dharmenderpasunooti4218]

Very helpful brother

[@venkateshkavididevi1628]

In our state Mithakshara HUF benefits are used

[@srinivasaraom340]

Thank you Sai garu Capital Gains and dividend income HUF lo claim cheyyocha...

[@ganeshpentela3749]

Hi Sai Anna. HUF tho seperate PAN vastundhi annru. Ippudu aa PAN use chesi Demat account create cheyocha? If Yes, profit/loss booking like we don in itr3/itr4 for an individual will be applied to same account??

[@xyz-ll9pk]

Yes bro any profit earned using that pan will be deemed as income from business in HUF and all income earned through HUF

[@SathishGiddigi]

Hi saai garu, this benefits only for business people not for employees. Whether my understanding correct

[@tulasikrishnadoradla6793]

Nice video tq u team

[@shaiktaj]

Very useful information, sir what about Muslims law

[@udaykiran4292]

Thanks for your ANILLISIS🎉🎉🎉🎉❤

[@MoneyPurse]

Most welcome

[@sambasivaraokurakula2722]

Hi sir, You are telling about passive income for HUF. Can mutual fund investments be passive investments for HUF?

[@rajugundas9288]

Expected todays q4 result video from MP team 🤗🤗

[@MoneyPurse]

Will share it andi

[@bhaskarram6035]

Hi Team, HUF base capital mention chesina tarvta. malla later additional capital add chesukovacha? capital ni tax resturn lo ela chupinchala?

[@HarshaVardhan-rv4fx]

Hi Sir Let say I want to track the dividends that I have received for this quarter..how could I do that easily?

[@grkr7842]

Thank you for ur Contribution..🙌🤝👏👍🇮🇳❤

[@sudheerreddy841]

Hello Anna, Can you share the income from stocks how to do tax filing and what the tax percentage ? If already salaried employee is Earning 10 LKA above how to filing

[@bharath506]

I am thinking it will help for employees :) looks like its business people..

[@venkatperugu3661]

Good information sai

[@rajeshp5553]

Anna you missed how can we add money to huf is it taxable? How can we avoid lt. And also can you please give examples of taking advantages like fd

[@sharathkumarkatkam5843]

Dear Sai Garu, You are reading it as Suction. It is pronounced as /səkˈsɛʃn/

[@sreeramulupeddi3471]

Exlent subject

[@raghua8832]

Thanks Sai garu.. It means like having 2 pan nos one is for individual and other with family. Can we show capital gains, house rent income in HUF

[@MoneyPurse]

Yes we can

[@jiro_gamer]

​@@MoneyPurse what about interest we get from bonds, fds and stock profits? Please confirm

[@narasimharao1093]

Hi Sir Good evening Sir.

[@anjaneyulukaka9314]

Thank you very much. Are the sons in law and daughters in law members in HUF?

[@viswanathnehrugolagabathul4399]

Hi Sai garu , she’ll we invest in stocks and trade in F&O with HUF account??

[@sunilreddyjanga3657]

How many Indian families/parents share equal rights /property to their daughters When they have a son We should accept that we have more gender discrimination over cast.

[@suryateja8377]

My Father passed away 10years back. I got married recently. Can I open HUF with my mother as Karta, myself and my sister as Coparceners?

[@sreevasu1026]

Sai Garu Namasthe. I am Sreenivas a VRS retired person. I have some fds. Mee HUF vedio is very informative. My question is only business untene HUF account open cheyyala leka fds anni kalipi HUF amount ga chesi interest amount ki tax benefit pondhavaccha. Dayachesi thelapandi. Namaskaaramulu.