Separate PAN
Regulation & taxA distinct tax identity, as an HUF or company holds independently of its members.
In plain terms
What makes an HUF a separate taxpayer rather than an accounting label.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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A distinct tax identity, as an HUF or company holds independently of its members.
What makes an HUF a separate taxpayer rather than an accounting label.