What is the full form of HUF?

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    • Hindu Undivided Family is a legal term and is related to Hindu Marriage Act. In simple terms a Hindu joint family is known as HUF. It consists of many generations living under the same roof with all the male members mostly related by blood and all the female members are related to some male member of the family. The family is headed by an elderly male member who makes all the decisions. The binding bond is relationship and not property in such cases. Indian Income Tax identifies the Hindu Undivided family and a PAN card can be issued in its name. There are different tax for the same.
      As per the ruling of the court of law a daughter also has a stake in the property of HUF even after her marriage. Previously it was not so.

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