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of <h1>HUF Income Tax: Individual Transfers Taxed to Transferor, Not HUF; Section 10(2) Exempts Personal Receipts from Family Income.</h1> When computing the total income of a Hindu Undivided Family (HUF), certain considerations apply. Income from an individual's transfer of self-acquired property to an HUF is taxed to the individual, not the HUF. Section 10(2) exempts individual receipts from family income. Fees or remuneration earned by HUF members as directors or partners due to HUF investments are HUF income unless earned personally. Remuneration to the Karta or members for managing family business is deductible if reasonable and bona fide. Tax reduction strategies include partitioning the HUF, creating separate taxable units, family settlements, and using loans or gifts within the HUF.
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