Individuals/ Hufs/ Partnerships/ Societies Trusts Association.
Hankuk University of Foreign Studies Hufs.
NRIs and Hufs cannot invest in this scheme.
NRIs or Hufs are not eligible for this scheme.
Hufs and NRIs are not allowed to invest in this scheme.
Corporate- All non-individuals i.e. companies, partnership firms, Hufs, Sole proprietors should use CORPORATE form.
Individuals and Hufs constitute a large chunk of total taxpayers in India
and their contribution in total tax collection is substantial.
Hufs will continue to work for peace for all humankind
through its ongoing search for the truth and create a new culture.
This is a form designed for Hufs and individuals who prefer the presumptive taxation scheme
as specified in Section 44AD, 44ADA or 44AE.
Established in 2011, AUIA currently works with National Taiwan University of Science and
Technology(NTUST) in Taipei, Hankuk University of Foreign Studies(Hufs) in Seoul.
In addition, Hufs seeks to differentiate itself from other institutions of higher education
and maintain its distinctiveness, as manifested in its school name.
Hufs is also moving to establish its independence
as a private school while never losing sight of its nature as a public educational institution.
The maximum limit of the subscription is four kilograms for individuals and Hufs, and 20 kilograms for trusts and similar entities per fiscal year(April-March),
which is notified by the government from time to time.
All resident individuals in single names, or Hufs in the capacity of the“Karta” of a Hindu Undivided Family
Joint accounts of not more than 2 persons, by two adults jointly or by one adult and one minor.
Individuals or Hufs having a total income of more than Rs. 5 lakh
or having a tax refund claim is mandated to file ITR electronically. However, super senior citizens( Individuals with 80 or more years of age) filing ITR 1 or 4 have the option to file the ITR manually or electronically.