Tax planning through HUF and Private Trusts
Benefit to participants
This workshop intends to cover various laws, income tax provisions, tax benefits, documentations and precautions for HUF and Private Trusts.
Suitability
  • IFAs/RIAs/CFPs/wealth managers
  • AMC professionals
  • Basic taxation knowledge is essential
  • Duration
    1 full day
    OUTLINE
    HUF

  • Legal provisions governing HUF
  • Understanding various terms and concepts–Coparcener, Member, Karta.
  • Process of coming into existence
  • Succession of HUF property
  • Females and HUF law


  • Income tax Laws Governing HUF

  • Residential status & Tax Benefits of HUF
  • Gift to and from HUF
  • Clubbing and partition of HUF income tax provisions
  • HUF as partner of a firm, shareholder of a company
  • Law relating to family arrangement under Hindu laws-its benefits, capital gains implications
  • Filing of income tax return and assessment provisions


  • Discussion on Private Trusts

  • Basic concepts and legal provisions regulating trusts
  • Types and process of creating trusts
  • Purpose of creating of a private trust
  • Rights and duties of trustees and beneficiaries
  • Care to be taken while creating a private trust
  • Filing of returns and assessment of private trusts
  • FEMA provisions of private trusts
  • TANGIBLES
  • Reading Material