Formation Management & Taxation of HINDU UNDIVIDED FAMILIES (HUF)

This 5th Edition (2025) of Formation, Management & Taxation of Hindu Undivided Families (HUF) by Ram Dutt Sharma provides a comprehensive and practical guide to the creation, functioning, and taxation of HUFs, Association of Persons (AOP), Body of Individuals (BOI), and Joint Ventures under the Income Tax Law, updated with all amendments introduced by the Finance Act, 2025.

The book offers in-depth coverage of the legal framework and compliance requirements, making it a valuable resource for both practitioners and taxpayers.

Key highlights include:

• Legal provisions governing formation and recognition of HUFs, AOPs, BOIs, and Joint Ventures under the Income Tax Act

• Tax planning strategies for effective management of HUF income and assets

• Step-by-step procedures for partition of HUF property and implications on tax liability

• Detailed explanation of assessment procedures, exemptions, and deductions available to HUFs and similar entities

• Analysis of capital gains, income from other sources, and clubbing provisions as applicable to HUFs, AOPs, and BOIs

• Impact of the Finance Act, 2025 on taxation and compliance for these entities

• Judicial interpretations from Supreme Court and High Court rulings shaping HUF law and taxation

• Procedural guidance on filing returns, maintaining records, and responding to assessments

• Practical case studies and examples for better understanding of complex provisions

• Relevant CBDT circulars and notifications for quick reference

This edition is especially useful for:

• Chartered accountants, tax practitioners, and advocates handling HUF and AOP matters

• Members and managers of HUFs seeking clarity on tax obligations

• Students of tax law and competitive exam aspirants

• Officers of the Income Tax Department involved in assessment and litigation

With its holistic coverage, practical insights, and updated legislative references, this book is an essential companion for anyone dealing with the formation, management, and taxation of HUFs and related entities under Indian tax law.