1. Income Tax Filing
• HUF must file an income tax return annually using PAN in its own name
• ITR-2 or ITR-3 is applicable based on the sources of income
• Returns must report income from house property, capital gains, business, or investments
• Due dates are July 31 (non-audit) or October 31 (audit cases)
• Returns must be verified using DSC or EVC (OTP on Aadhaar-linked mobile)

2. PAN and Bank Account
• HUF must obtain a separate PAN card from the Income Tax Department
• A bank account in the name of the HUF must be opened and operated by the Karta
• All income, investments, and expenses should be routed through this account
• Karta must ensure the account is not used for personal transactions

3. Maintenance of Books and Records
• If HUF earns business income, it must maintain books of accounts under Section 44AA
• Maintain records such as cash book, ledger, invoices, and asset register
• Required for tax filing, audits, and scrutiny by tax authorities
• Preserve records for at least 8 years from the end of the relevant assessment year

4. TDS Compliance (If Applicable)
• If HUF is liable to tax audit, it must deduct TDS on specified payments (e.g., rent, contract fees)
• File quarterly TDS returns (Form 26Q) and issue Form 16A to deductees
• Maintain TAN (Tax Deduction and Collection Account Number)
• Claim TDS credits properly while filing return using Form 26AS

5. Investment and KYC Requirements
• HUF must complete KYC for investing in mutual funds, stocks, or opening demat accounts
• Karta must provide PAN, Aadhaar, and HUF declaration deed during onboarding
• Investments and properties must be held in the HUF’s name, not the Karta’s personally
• Maintain documentation for income generated from such investments for tax filing

Additional Notes:
• Form 15G may be submitted by HUF to avoid TDS if income is below taxable limits
• HUF must file audit report in Form 3CA/3CB and 3CD if under tax audit
• Any capital gains exemptions (Section 54, 54F, 54EC) must be well-documented
Maintaining proper compliance not only avoids penalties but also strengthens the legal and financial structure of the HUF.