Law Panel Wants Tax Benefits To Hindu Undivided Family Abolished rediff.com

In a recommendation that can cause a lot of heartburn for business houses and taxpayers, the Law Commission last week proposed doing away with the concept of Hindu Undivided Family, or HUF.

According to the income tax department statistics, there were almost 2 million registered HUFs till March 2018.

In a consultation paper called Reform of Family Law, the commission came down hard on HUFs.

The strongly worded paper says 'justifying the institution on grounds of deep-rooted sentiments at the cost of country's revenues may not be judicious'.