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Discussion > Income Tax > Others >

Eligibility of huf to be partner or proprietor?

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CA

[ Scorecard : 279] 		Posted On 29 May 2012 at 11:43 Report Abuse

Hello, Pls let me know that Is KARTA on the bahalf of HUF is eligible to act as an :

1) Proprietor in Sole Proprietorship firm

2) Parner in partnership firm

 

Reply Soon.............

PRITAM JAIN, CA , CS
Practising CA CS

[ Scorecard : 368] 		Posted On 29 May 2012 at 12:08

HUF itself can be a proprietor of a sole propretorship firm and Karta will bi the authorised person.

HUF can be a partner or even member of a company wherein the Karta will the authorised person 

 

Regards 

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