Death of Karta of HUF
This query is : Resolved
05 May 2009
Dear Sir,
I. If HUF Consist of Karta, his wife minor male and female child. If Karta dies leaving behind wealth and proprietorship firm what will be the status of the Capital and Income after the death of the Kart.
II If there is multiple HUF consisting of father and Major Son, and Multiple Huf of Two major brother and if any one dies leaving capital and Income what will be the status of Capital & Income after the death of one of the Male member.
Kindly give your expert opinion and oblige
Thanking You
S Mahnot
I. If HUF Consist of Karta, his wife minor male and female child. If Karta dies leaving behind wealth and proprietorship firm what will be the status of the Capital and Income after the death of the Kart.
II If there is multiple HUF consisting of father and Major Son, and Multiple Huf of Two major brother and if any one dies leaving capital and Income what will be the status of Capital & Income after the death of one of the Male member.
Kindly give your expert opinion and oblige
Thanking You
S Mahnot
05 May 2009
1. HUF will be continue and next male member will become Karta.
05 May 2009
2. HUF will be continue untill the partition of HUF, next elder male member will become the new KArta of respective HUF.
On the death of Karta, HUF will not be dissolved. HUF is dissolved only on the partition of property between the members. Please note partly partition of HUF is not approved under this ACT, Partition means full partition.
On the death of Karta, HUF will not be dissolved. HUF is dissolved only on the partition of property between the members. Please note partly partition of HUF is not approved under this ACT, Partition means full partition.
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