Printer friendly

What does HUF stand for?

HUF stands for Hindu Undivided Family (India)

This definition appears very frequently

See other definitions of HUF

Other Resources:
We have 16 other meanings of HUF in our Acronym Attic

Samples in periodicals archive:

CII has suggested that the peak customs duty be maintained at 10 per cent since there are huge excess capacity globally INHERITANCE TAXTROUBLE Inheritance tax, or estate duty, was levied between 1953 and 1985 All assets with a threshold limit of ` 1 lakh and above came under the ambit of the tax For Hindu Undivided Family ( HUF) property, this threshold was ` 50,000 The highest slab rate in 1985 was 85% on an estate exceeding ` 20 lakh Property, if passed to heirs two years before death, was not taxed The tax was scrapped in 1985 as the cost of collection to the government exceeded the amount of revenue accrued There was also a lot of litigation, which wasted the time and resources of the I- T Department Copyright 2012 India Today Group.
It makes the Samajwadi Party seem like a motley crew of people with loud mouths and dubious pasts, the CPI( M) like some decrepit home for the elderly, the DMK like a commercial for the dysfunctional Hindu Undivided Family, and Mamata Banerjee like the Stalin her opponents could never become.