What is the Full Form of HUF?

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HUF Full Form is Hindu Undivided Family. The term "Hindu Undivided Family" is used for business community.  The members of such family are linked to each other under a relationship tree or diagram. This type of families can be seen mostly in India. Its culture transcending its way to carve a business group which is taxed and operated differently.  These families typically have a head member who is usually the senior most person in the family.
This means that a single person cannot constitute it. There has to be minimum two members to form this.

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