H U F Tax Avoidance Revisited

I S Gulati One of the most important areas for tax base reform in the present system of direct taxation in India is the treatment of the Undivided Hindu Family for purposes of income and capital taxation. It was with this in view that, more than a decade ago, an estimate was attempted of income-tax avoidance taking place through use of the present provisions of the tax law relating to the Undivided Hindu Family, for the years