Everything You Need to Know About Hindu Undivided Families (HUF) A Hindu Undivided Family (HUF) is a legal way for families to save taxes and manage assets together. It is led by the Karta (eldest male), while other family members (coparceners) share ownership. HUFs get a separate PAN, bank account, and tax benefits, allowing them to invest in property, insurance, and businesses. The biggest benefit of an HUF is tax savings, but it also comes with challenges, as all members have equal rights, and dissolving it requires full agreement. To create an HUF, you need a family, an HUF deed, a PAN card, and a bank account. If managed properly, it can be a great financial tool for wealth preservation. #HinduUndividedFamilies #HUF #HUFTaxation #hinduundividedfamilymeaning https://www.rrfinance.com/Blogs/Everything-You-Need-to-Know-About-Hindu-Undivided-Families.aspx