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Best answer from question by tusharcosmic:

Answer by N.J.Reddy.
Please note that HUF is not a company to distribute income to its members. Any income earned by HUF will be with HUF only. It will not distribute any profits to its members. You just have to forget HUF income. It is not at all connected to its members income. You have to file your individual assessment separately with your own income and the HUF has to file its income separately with its own income. You or any HUF member can take loans from your HUF or its members can give loan to HUF. Distribution of HUF property arises only at the time of partition only (when the members want to separate them self). At the time of partition, the ITO will take it for scrutiny.

For your information, I am Kartha of HUF. Our HUF members my self and my wife. My self, me wife and my HUF are assessed to tax since 1968. In addition, my two sun-in-laws are having HUFs and Individual accounts. Totally I am looking after 3 HUF accounts and 7 individual accounts of myself and my two sun-in-laws.

My advise is practical. Do not get confused. OK ?