Question

what is hindu undivided family.explain.​

Answer 1

Answer:

Family that consists of all persons linearly Descending from a common ancestor including wives and unmarried daughter

Answer 2

Hindu undivided family

The term 'Hindu Undivided Family' has not been defined under the Income Tax Act.

It is defined under the Hindu Law as a family that consists of all persons lineally descended from a common ancestor, including wives and unmarried daughters.

A Hindu undivided family  cannot be formed by a group of people who do not constitute a family.

The major advantage of creating a Hindu Undivided Family Account is that the family gets an extra PAN Card and can split the family income and thereby resulting in tax saving and reducing the tax outgo.

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Q.1.- What are the feautres of hindu undivided family?

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