HUF vs Individual account

[survivor]

Hi,

Is there any benefit of opening HUF trading account vs individual account?

[weaver_bird]

@survivor

Is there any benefit of opening HUF trading account vs individual account?

What is HUF? What are the advantages of opening a trading/demat account which is a HUF?

I guess I can open a trading & demat which is in the name of individual, partnership, private/public limited and HUF. My friend was telling that there are many advantages of opening as a HUF, he didn’t give me details, can anyone help? Also, are the documents required to open the account same as individual? If not, what are the documents required?

[CarryGolen]

Yes, there are benefits of opening HUF instead of individual accounts. These accounts are similar to individual saving bank accounts; there will be various tax benefits that are available for an individual’s account while the income of members is being pooled in HUF account.