Hindu Undivided Family

Should you transfer fixed deposits to a HUF account? | Mint

TheSpuzz Desk6 hours ago05 mins

Source: Live Mint I am a retired bank employee. My total annual income is around 15 lakhs, which is comprised of a pension, LIC annuity, rent on house property, and interest on fixed deposit. I get the advantage of one per cent being ex-staff and half per cent being a senior citizen. I am also…

Do assets received from HUF partition belong to the son’s HUF? | Mint

TheSpuzz Desk2 months ago04 mins

Source: Live Mint We are residents of Mumbai and have an HUF in the name of our father, who owns various movable and immovable properties. It has three married sons, and their family members are members of the HUF. After my father’s death, my eldest brother worked as a Karta at the HUF. We plan…