income tax Tag

Income Tax Notices – Actions to be Taken

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The story behind Taxation on EPF

The budget, 2016 has brought a ray of hope for a better India tomorrow. This years budget has focused on major factors like agriculture, rural development, infrastructure and social security. Agriculture is the backbone of our country and its needs have to be looked after. One of the many good initiatives taken by the Govt. towards rural development is 100% village electrification. Roads and...

Hindu Undivided Family

The concept of Hindu Undivided Family, commonly known as HUF,  was derived from the ancient hindu laws. An HUF can be formed with the oldest male member and his wife and children and their spouses. HUF is treated as a separate entity all together, and enjoys the same tax benefits as any other individual taxpayer. As the name states, ‘Hindu Undivided Family’, one may think, this is...