What is a HUF? HUF means Hindu Undivided Family. You can save taxes by forming a family group and pooling assets into a HUF. HUFs are taxed separately from their members. A Hindu family can jointly form a HUF. Buddhists, Jains and Sikhs can form HUFs. HUF has its own PAN and free tax returns …
These rules may be called the Foreign Exchange Management (Overseas Investment) Rules, 2022.Definitions: In these rules, unless the context otherwise requires: – Act Means the Foreign Exchange Management Act, 1999 (42 of 1999). Authorized Dealer Category-I bank or AD bank Means a person authorized as such under sub-section (1) of section 10 of the Act …