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Transferring assets to an HUF activates clubbing provisions, meaning any income 💰generated by the HUF is taxed in your name which defeats the whole point of making an HUF.

However, there is a way for you to transfer assets to your HUF without worrying about clubbing provisions and that is when the transfer is done through a - Will 📄

There are no taxes levied on inheritance by way of will ❌

By transferring assets to your HUF by way of will, any income generated will be taxed in the hands of the HUF as per the slab rates, which makes the first INR 2.5 lakhs is ✨TAX FREE✨. The HUF can also make tax saving investments to reduce their tax liability.

➡️I will be teaching this and much more more in my upcoming PERSONAL FINANCE MASTERCLASS hosted on the 7th of January.

I will be teaching you the ins and outs of personal finance that I have learnt from talking to CFAs and wealth management specialists. I will also be sharing you proprietary tools like the
Mutual Fund Selector Tool
Buy vs Rent Home Calculator
to help you make the best financial decisions 💯

To make things sweeter I’m inviting @akshat.world as a guest where he’ll be teaching you how to pick stocks.

So mark your calendars 📆 and get your seats quick, you don’t want to be missing out.

➡️ Click on the link in my bio right now, to register !!

Start your 2023 by attending the biggest Finance event of the year before tickets get sold out! 🤫
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