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Tag: HUF

No review of Uniform Civil Code impact on HUFs: Finance Ministry

Posted on July 26, 2023 By admin
No review of Uniform Civil Code impact on HUFs: Finance Ministry

Minister of State for Finance Pankaj Choudhary. File The number of Hindu Undivided Families (HUFs) availing tax benefits under the Income Tax Act stood at almost 8.76 lakh in 2022-23, the lowest in at least five years. The impact on their tax treatment under a Uniform Civil Code (UCC) has not yet been examined, the…

Read More “No review of Uniform Civil Code impact on HUFs: Finance Ministry” »

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