Every transaction on behalf of HUF account, made by each member of the family is governed by karta.
as there is no co-personer adult male member and female adult member can not be. – if on conversion or divorce, HUF reverts to kartha’s name as individual, can his married female siblings claim a share in it though they were never a part of the HUF? male member dies can her wife be the karta of that deceased account, if any member wants partition who will solve the problem.

There are two schools of law governing HUFs in India-Mitakshara and Dayabhaga-and there are quite a few differences in the rights and obligations of HUF members in each of these schools. This is important, as is borrowing money specifically in the HUF’s name. An adopted child can become a member but he/she cannot become a coparcener(as per decision given by court). in this there is one line….

Subsequently, in these states, unmarried daughters as well as daughters married after the date of the amendment (in the case of Maharashtra, it was June 22, 1994) were regarded as coparceners. a) Can a male coparcener be head (karta) of two hufs suppose his and his father’s?

Let us answer another question before this: if you don’t have an HUF, as a male Hindu, how do you “create” an HUF?
HOW THE GIFT CHEQUES IN THE NAME OF COPARCENER CAN BE DIPOSITED IN HUF A/C. Can there be a Nomination to HUF account. The assessee was a member of a bigger Hindu undivided family which was partitioned on January 1, 1972. fdr purchase before one month death of mother death These are outlined below: The person who manages the affairs of the family is known as the karta. HUF is a family with husband, wife and children (and children’s spouses if any) living together.

HUF need to have a separate PAN card and need to file separate IT returns. Please advise. Hindu Undivided Family (HUF) The Joint Hindu Family Business or the Hindu Undivided Family (HUF) is a unique type of business entity. The Government of India has issued notification to this effect. Dear Sir Dear Sir

(even if they are financially dependent on him) when i ask to charted accountant he say marrige gift is tax free so you not requier Tax return file.and i not file.

The Hindu Undivided Family (HUF) cannot be created by acts of any party. There can be a strong sense of insecurity among members that can keep the corpus of the account empty and as long as corpus is empty the account is non functional.

For family in kerala how to go about? In relation to HUF property, a coparcener is a person who acquires a right in the ancestral property by birth and a person who has a right to demand partition in the HUF property. b) Even after distribution of hufs capital can he run this huf? : S, SW, SD, pl tell what will be status of fdr [ 5yrs ] which was taken in huf for 80 c purpose . can i have answers to the following

My some question are under here However, this term has a definite connotation under the Hindu Law Please advise.

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