Property of Hindu undivided family and the income tax law

It is possible within the framework of the Income-tax Law to buy out property whether residential or commercial in the name of the Hindu Undivided Family and also to claim a tax benefit attached to the said property.

Just like a tax deduction is available to an individual tax payer in respect of self-occupied property,  similarly in the same manner a  tax deduction is also available to a Hindu Undivided Family owning a residential property