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of <h1>Understanding Hindu Undivided Family: Tax Entity, Coparcenary Rights, and Role of Karta under Income Tax Act, 1961</h1> The Hindu Undivided Family (HUF) is recognized as a separate entity under the Income Tax Act, 1961, and includes lineal descendants from a common ancestor, their wives, and unmarried daughters. HUFs arise from status, not contract, and include Jain and Sikh families. The Hindu Succession (Amendment) Act, 2005, grants daughters coparcener status. The HUF is managed by a Karta, traditionally the senior male, but recent rulings allow females to assume this role. HUFs can have multiple branches, and joint family property includes ancestral property and others acquired through family resources. Taxation distinguishes between individual and HUF income.
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