Zerodha CEO Nithin Kamath suggests using Hindu Undivided Family (HUF) to save taxes for married Hindus.

Zerodha CEO Nithin Kamath suggests that married Hindu individuals can use a Hindu Undivided Family (HUF) to save taxes. HUF is treated as a separate entity under the Income-tax Act, allowing it to benefit from tax exemptions and deductions similar to individuals. By transferring property yielding rental income to the HUF, opening a demat account in its name, and transferring money, married Hindus can optimize their tax savings.

March 28, 2024
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