Save 2x Tax with HUF | Can HUF Buy & Sell Stocks? Business Basics #4
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- čas přidán 24. 07. 2024
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In this video, we will explore how you can save on taxes by setting up a Hindu Undivided Family (HUF) in India. HUF is a unique form of business entity that can provide tax benefits to Hindu families. We will discuss the concept of HUF and its benefits in detail.
Chapters:
00:00 Introduction to HUF
01:10 HUF Kya Hai? What is HUF?
03:17 Members of HUF
05:30 HUF Karta
05:56 Coparcener Vs Membership
07:35 HUF Registration Process
08:10 HUF Pan Card
09:17 HUF Income Source
12:32 Assets in HUF
13:22 HUF Tax Benefits | Tax Saving with HUF
15:06 HUF Tax saving example
17:54 HUF Partition
19:00 Loan in HUF
19:56 Can HUF become a partner?
21:09 Who should make HUF?
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Business Basic Episode #01 | Which business entity to choose? : • How to start a Busines...
Business Basic Episode #02 | Proprietorship: • Proprietorship Firm Fu...
Business Basic Episode #03 | Partnership: • A to Z of Partnership ...
Business Basic Episode #04 | HUF: • Save 2x Tax with HUF |...
Business Basic Episode #05 | Pvt. Ltd.: • PVT LTD Anoop Bhatia
Business Basic Episode #06 | OPC: • Is "One Person Company...
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HUF Deed: bit.ly/3w1OFmm
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Sir mails msg tweet kahi to reply dedo
it would be helpful if english subtitles are added for non hindi speakers... or can post in english please
I need help!!!
My current organization which is Tech Mahindra, is not giving me my salary slip and Wi-Fi reimburse. What should I do?
@@musiclove3272 they have to give salary slips. Escalate it to the HR? what is their response on the matter?
Are u Rishabh Jain from DAV Centenary Paschim Enclave.?
Everything by LLA is very good and detailed, thank you for providing all these for our jagruk jantha.
I would like everyone to like the video also rather than just viewing the content so that they get more promotions
When I first applied for the PAN CARD using Physical form. I saw HUF in the form as an option. Till today, I had no idea regarding HUF can be created with an individual (Members) PAN card.
Thanks, @LLA for the very detailed video on HUF.
I am single and the income tax department is such that they allowed me to frame HUF Pan Card then came bank which were more foolish to allow me to open account while being unmarried and til date I am saving tax.
O bhai kya gyaan dete ho.🙆🙋
. PhD level ke uper ka knowledge he. 😍😍😍😍😍😍
Thank you so much for video. I was searching and reading a lot of content on web but didn't find such detailed video. Thank you again.
Thanks a lot Rishab and Anoop ji for this exceptional vlog where I could clear all my doubts. Great job Labour Law Advisor for such educative videos on business and finance.
Simple and informative, I didn't know all these facts. Thanks a lot
Extremely well-detailed and answers all the important questions. Thank you!
BHAII.BHAII 😂🎉
CA.INTERN'S
LOVE FROM INDORE M.P❤
Best channel....this video should reach every individual...till date i dont think so anybody knew about this..thanks a lot for this informative video
Very well explained and simplified ! Please keep these coming! 🙏
Loved it. Please cover more unhidden facts like these....❤
*hidden
Thanks a lot. This episode is really useful for a lot of 'sadharan janata'.
Thanks Rishabh brother.. this actually help
Rishabh ji, your channel is the most useful channel in all of you tube. Thanks a lot!
Excellent musuc. Beautiful way of talking by ca sir and hist is a great simpleton. Loved this video.
Rushab aap bahot hi acha financial knowledge dete hai
I am very impressed
Bhatia Sahab kitne pyar se explain karte h..
Excellent video by Sri Rishabh Jain and Sri Anoop Bhatia. It is very structured and answers most the questions about HUF. Good collaboration. God bless you 🙏
Is a HUF required to file an ITR if it does not have taxable income. Company or Firm is required u/s 139
Beyond doubt … your channel is making amazing job
Really helpful, cleared all my doubts! Keep making such videos.
Really Nice. It has cleared all doubts. This may be the BEST video available.
Glad it was helpful!
Great Knowledgeable video. Specially understanding about HUF in simple manner by CA Anoop Bhatia Sir is very pleasant. Rishab Jain Sir you are doing tremendous work Just keep going. it will good to see again and again with Anoop Sir. I really like your videos.
Bhai ap muje bata sakte ho simply ki HUF kya hota hai
Hello Rishabh
1. Can Karta of HUF gift his/her HUF say upto 250000 and file ITR(NIL) of HUF with income from other sources and invest the same in stock market to generate income for HUF?
2. Can a person gift his wife and she can further invest to generate income for her self?
3. Please make a video on filing ITR.
Very impressive, all the points covered.
So much informative video
Got all doubts cleared
Very detailed n helpful video. Thnx a lot for such great content.
Excellent information bhai log 🙏🙏🙏❤️
Thank you. Very informative.
Thanks for the very detailed info. Can individual incomes of family members be considered as part of HUF income to avail tax benefit ?
love your work, keep it up.
Thanks a lot, this is my first monetary thanks to any video on youtube
Great knowledge.
Thank you LLA
A ton of thanks to LLA team'❤️
thanks you sir so very much, you cleared all my doubts in simple ways
I like the background music of your YT channel. Ofcourse the content & information provided are also very good
Nice video... cleared a lot of doubts
This is really excellent video I found on HUF on CZcams
Your intro music is awesome and thanks for sharing this valuable information.
What an amazing content ... thanks for such explanation
Nicely explained by Rishabh ji and Anoop Ji
Could you please explain about how expenses will be manage in case of HUF, with some example. What proof need to submit or how it works?
great video thanks for the detailed explanation.
Wow sir, apke vdo se hum jaise school students aage jake bhout kuch kar payenge , hope kisi app aage bhi aise simple aur assan vdo banayenge, hope ki sir aap CA anup sir and CA rachnana ranade ka collaboration kar k kuch banaye maza ayega 😁😁
This video was very helpful. Please keep making such informative videos👍
I will try my best
Sir MWP act se Agriculture Land or Property bhi purchase ki ja sakti hai ya sirf Insurance me hi iska role hota hai, aur property me ye bad me bhi add karaya ja sakta hai, please is act per ek video banaiye..
Amazing video ❤️
Eye opener. Didnt knew about HUF in respect to taxation.
Can we get advices / consultation from LLA?
Beautiful Video 👏
Very interesting & nice information. Refreshed all legality of HUF👍🏿👍🏿🙏🙏
Yes, thank you
150000 ki 80c hai individual ki to wo dono jagah le sakate hai kya .huf and individual me
1) If coparcener is a partner in a partnership firm on behalf of HUF - Then income from partnership firm will be added to the income of Partner or HUF ?????? 2) If HUF can take loan from members and coparceners - Then it means that HUF can show this as capital as well and pay interest on this capital to the members of HUF. Can this be possible to raise capital in this manner in HUF ?? 3) If coparceners of HUF divide their property among all of them - Then the HUF can work in similar manner as before partition ?? 4) HUF cant be dissolved - Does this mean once we form HUF - we can never get rid of HUF concept - HUF will continue forever ????
Thank you so much for well explained
Nice informative vedios..keep posting..also post vedios relating to IT proceedings by taking practical examples.
We will try
Very interesting information.
Can you share history of HUF and why it was started.
From the income earned by the HUF (after payment of income tax by HUF), the karta of the HUF created a FD in bank as an individual . Is this allowed?
Jo mujhe mere father se will me mili hai wo paitrik sampatti hogi ya personal?
Should i take that in my personal balance sheet or huf balance sheet?
Very informative! Thank you sir! Actually we have a business & I am interested to tell about HUF to my father...We have our firm's GST no. & the tax is paid solely by my father. Is it advisable to go for HUF to save taxes? Please try to reply as early as you can!
Very Informative video.
Thankyou
Thank you so much very helpful
Tho sir agar vhi chezz huf ke member meri patni savings ke naam per business me dal dete he tho tho 5 hazar bhi ni dena pdega na tax pe
Sir, can you please create a video or provide some information on PMAY.. My PMAY is stuck at step 1 and neither is the bank helping nor am I getting a correct response from grievance@pmay..any information will help. Thank you.
woooooonderful sir !!! what a video.
Hii Rishabh, which platform allows huf to invest in mutual fund?
Rishabh, I've questions regarding money added to HUF.
1) If money added by member like my wife to the HUF account then her deposited money to HUF account would be tax free for her? (For example if she earns 100000 per month and she gifts 20K to HUF aacount then she has to pay tax on only 80K or she has to still pay tax on 100K?)
2) limit of 50K gifts can be received in HUF but this is the limit of per annum or per month?
@LLA, Thanks a lot for such a detailed explanation.
Can I demand my Employer's yearly Bonus be credited to my HUF?
When a member of Huf taken loan from Huf and pays interest to Huf. Can the interest paid by individual help him in tax saving in his income tax file?
Thanks for this topic
As per you HUF cannot open its individual PPF acount so what is the other source of saving needed to clain deduction of 150000/- under section 80c.....?
Can interest earned on a member's savings bank account be shown for HUF?
But how to insert capital in huf please tell in details
Can huf open separate PPF account in coparseren names
Gazab ka vidoe hai sir maza hi agaya
Good info sir.
Hi, I have a small question: If I bought a house and the owners are myself and my wife. If I am the Karta and my wife is a coparcener, can I generate the corpus in HUF as rent from the house property? Is it taxable?
watching it the 3rd time and I finally am getting it. Thank you for this video.
I want to setup a small manufacturing unit should I start with proprietorship or HUF
1. Sir Could I start SIP in stocks/mf from my current account of prop. Firm.
2. If yes, what would be taxation on my invested SIP annual amount.
3. If I gain LTCG then it would be taxed 10%. Or profit would be added in my net income and then taxed according to IT slab.
Parental property ka rent income ko HUF me dikhane ke liye wo parental property ko HUF ko sale karni padti hai?
Thank you Rishabh and Anoop ji for this enlightening video. May you get all the success to keep up the good work.
I do have one query that I would appreciate an answer on, regarding the gift that can be given to HUF by an external member, is there a limit to the number of times the gift can be given, I.e. Can I take 5Lakhs twice in a year?
When you say that put your ancestral property in the name of HUF to get tax benefits on rental income, what do you mean by it? Do you mean change of ownership of the property? Or can we directly receive the rental income in HUF's Bank A/C?
Kya sir vo 2.5lakh ki limit sirf huf ke karta ko milegi ya co parcener ko bhi milegi?
Thankyou sir❤❤❤ for precious information
This video is very informative but have a doubt. Can I show dividend interest income, capital gains credited in my bank account from shares in my damat account as HUF income?
Very very informative ❤️🌟
Nice Vedio 👍
Thanks for detailed information
Being a ca inter student it helped me to understand paper 4 and paper 2
Sir kya mai monthly huf demat account me salary se fund transfer karke hu trading kar sakta hu
i made huf based firm so ,which ITR's should i file (like ITR1 for individual and HUF or ITR1 for individual and ITR3 for HUF or ITR3 for both)?
Can we transfer HUF TO HUF money by cheque..if my father having huf and I am also
Me and my brother have two separate business's, one need a lot of cash and another generate cash. However we could not take advantage of this unique situation due to two separate pan and accounting. Although cash could be utilised and later transferred online. Could HUF be formed to utilise cash between two without legal implication? Tax saving is secondary issue for us right now.
If I form a HUF, can I transfer my salary to fund the HUF and trade in stock market, will I have to pay tax on the stock market returns as individual? Or only huf will be taxed since it's a capital infused by one of the HUF members?
U can open a separate bank account of HUF and transfer money to it. And can carry out any business. The HUF will be taxed separately for it's income.
@@Noone-hh5cq ya found the answer in the next 2 weeks and did exactly that. Thanks anyways
@@Noone-hh5cq So if a am karta of the HUF account and I have deposited some x amount in the HUF account then will it be taxed as income (if it falls in slab) for HUF and will any interest earned on that money be taxed only for HUF or for HUF and Karta
@@ashwinsnmv Can you put the reference video for checking
@@1993SWAROOP No reference video. There are plenty of info on Google.
If my father sells his house and gift that money to my HUF (to which he is not a member) then does he need to pay the LTCG on that amount or just HUF needs to pay the income tax?
HII video is very imformative.. just one question when person transfer propeerty of money to HUF is need to pay gift tax or any stamp duty or any other tax
Huf creat karne ke liye older generation ki mandatory he kya?
Ager me apni huf bana na chahu to mere father ya mother ho is it mandatory?
Is their any conmunity of hrs & legal advisors of labour law advisor? Than pls suggest & share link.
Hello sir maine pvt Ltd company registration karaya hai 26feb21 ko to saath me epf code mil gya lekin esic code nhi aaya and kahi se ho nhi rha hai to please help me
Thanks Sir🙏🏻
can we keep transferring money from own A/C (say husband and wife their repective mnthly salary) to HUF account to avoid txes on interest income at individula tx slabs? and save that inerets aount in HUF? and file ITR for HUF .
Sir, if a couple who does not have children forms an HUF and later one of the spouses dies, does the HUF still survive with the living spouse as its sole member?
Yes it does. It can continue even if the surviving spouse chooses to remarry.
No in that case HUF ceased to exist and becomes individual property. There must be at least 2 members to continue as Huf.
dahej to huf mein hi lena 😂
Mere husband ne bhi aise hi dahej lia tha... His such a cootie...
Jai sairam......BABAMALIK🙏🙏😀 HUF KE INCOME BAN JAYEGE AUR FULLY TAXABLE HOGA.... SUBJECT TO CERTAIN LIMIT
@@shreyaraj5265 Are you serious ma'am ??
No
The gift received on the occasion of marriage is not taxable