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'If you're married and a Hindu...': Billionaire Nithin Kamath highlights a way to save taxes

Money Control · 6m

Zerodha CEO Nithin Kamath highlights the benefits of Hindu Undivided Family (HUF) for tax planning purposes. HUF is a unique legal and tax entity specific to Hindu families in India, allowing for separate tax filings and deductions similar to those for individuals. Kamath emphasized that married Hindus can utilize HUF to save taxes through various means such as transferring rental income properties, opening demat accounts, and accepting gifts. Zerodha further explained the advantages of HUF in a blog, suggesting it as a useful tool for tax planning, especially for those with ancestral property or multiple income streams. Other X users and professionals also praised HUF's effectiveness in tax savings.