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Question
What does HUF stand for?
What does HUF stand for?
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Solution
HUF stands for Hindu Undivided Family. It is a form of business organisation in which the members who descended from a common ancestor can form an association.
HUF is described as a person under section 2(31) of the Income-tax Act, 1961.
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HUF stands for Hindu Undivided Family. It is a form of business organisation in which the members who descended from a common ancestor can form an association.
HUF is described as a person under section 2(31) of the Income-tax Act, 1961.
Also read:
Stay connected with BYJU’S for more such questions and answers on various commerce topics.
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