Hi,
Just read the article regarding HUF creation. I want your help to understand this clearly.
1. If Me and My wife created HUF under my name and put my income ,which is above the tax slab, in HUF account then do I need to pay TAX on that or we can show that as HUF income and give TAX as per HUF TAX slab??
2. May I open PPF account for HUF account?