How to set up an HUF

As the word Hindu in HUF implies, it is connected with one being a Hindu. Only a Hindu can have an HUF. For this purpose, in addition to a Hindu those who are Jain, Buddhist, Sikh are also treated as Hindu for this purpose and therefore they can have their own HUF.

from Personal Finance News-Wealth-Economic Times https://ift.tt/uRh0Jo8