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<h1>Hindu Undivided Family not eligible for foreign wealth tax exemption</h1> The High Court of Madras held that a Hindu undivided family cannot claim exemption of foreign wealth from wealth-tax as a resident but not ordinarily ... Wealth Tax, Exemption The High Court of Madras ruled that a Hindu undivided family cannot claim exemption of foreign wealth from wealth-tax as a resident but not ordinarily resident. The court cited a previous case and concluded that a Hindu undivided family cannot be regarded as a person for the purposes of claiming exemption. The judgment was in favor of the Revenue.
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