Levied | Meaning of levied 📖 📖 📖 📖 📖 📖
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Levied | Meaning of levied 📖 📖 📖 📖 📖 📖
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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 H
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