TYPES OF TAX PLANNING

The tax planning exercise ranges from devising a model for the specific transactions as well as for systematic corporate planning. These are: (a) Short-range and Long-range Tax Planning Short-range planning refers to year to year planning to achieve some specific or limited objective. For example, an individual assessee whose income is likely to register...

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HUF & Benefits

Introduction The Hindu Undivided Family (HUF) is a distinct form of Business organization peculiar to India. Hindu Undivided Family (HUF) is created by the operation of law. Hindu Undivided Family (HUF) does not have any separate legal entity from that of its members. The laws that govern HUFs are not codified and are read...

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