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Huf

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(Querist)
06 March 2013 CAN A LADY BECOME ACT AS "KARTA" OF HUF.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
06 March 2013 Yes, a female can become a karta, but only when the male members are minors or are not in a position to manage the affairs and give a declaration to that effect and seek the permission of the Department to allow the female to manage. Champa Kumari Singhi v Revenue (1962) 46ITR81 (Cal).
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Manish Jain

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Manish Jain (Querist)
07 March 2013 when elder son liveing out of family, than this rule is applicable ? and which section is applicable.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
07 March 2013 Refer the Hindu Succession Act. In case there is a male person in the family then he would become the karta.
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