01 August 2015
I want to know, whether a Karta of HUF be karta of more than 2 HUF.
suppose: A person was Karta of his HUF, and became karta of another HUF after death of his father. Now this karta died. He has two sons. His eldest son will be the karta of his father's HUF. What will be the HUF of his Grandfather's HUF. Should it be dissolved or it can continue..
06 August 2015
The HUF can continue up till 4 generations hence the eldest grandson can become the Karta of his grandfathers HUF and it can continue if required.
CAclubindia
