POSTED BY June 7, 2011 2:16 pm COMMENTS (2)ON
I recently got married and my CA suggested to create a HUF file .
My wife and I are salaried employee and we have salaries which has TDS. We dont have anyproperty as such, we have investement in stocks and MF.
I would like to know :
1. HUF will cover my parents as well, My father doesnt have HUF file. With POV of tax saving.
2. HUF can be beneficial to salaried employees like us for regular IT purpose?
3. If not In which cases It can be beneficial.
And are there any disadvantages?