VPRP & Co LLP, Chartered Accountants

Happy Diwali 2022 ✨️

Happy CA Day 2022!

A tax planning tool unique to India is the HUF.

When my clients ask me the cliched question of "How to reduce my taxes?", the standard response is "Do you have an HUF?"

So what exactly is an HUF? How does it function?

HUF stands for Hindu Undivided Family.

So, if you are a married Hindu, Jain or Sikh living with your family, you become eligible to use HUF tool to save lakhs of taxes every year!

Here is a thread detailing the features of HUF.

To know more about HUF, a practical example of how HUF saves taxes and practical steps on how to set up an HUF, visit our insights section on our website www.vprpca.com!

As we turn the page, let us ensure that we make it count.

Keep sparkling, always.

From the entire team at VPRP.

#2022

Though coming at the end of the year, Christmas is a symbol of birth and a new beginning.

It is a time to remember others, gather around us all that we love, put aside problems and face the future with renewed confidence.

Wishing you a Merry Christmas on behalf of the entire team at VPRP & Co LLP, Chartered Accountants in India.