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"HUF Comprising Of Only Husband And Wife"

 
There is a general feeling amongst the tax payers that a new Hindu Undivided Family (HUe comes into existence as a separate tax entity only when the couple has a male child. This is a wrong notion of the tax payers. The Gauhati High Court in the case of CITy Awn Kumarjhunjhunwalla & Sons 223 ITR 45 held that the assessee after his marriage formed a Hindu Undivided Family comprising of himself and his wife and thus could be a Hindu Undivided Family and be assessed in the status of HUI for the purposes of income tax.
Hindi Undivided Family (HUF) - Taxation and Tax Planning

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