Upon the marriage of a male co-parcener, his wife also becomes a member of the HUF and the children of a co-parcener automatically become co-parceners at birth.A co-parcener can make gifts to the HUF. It is preferable that the gift is implemented by a deed of gift or other writing
2 min read17 Apr 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared