Difference between Individual and HUF
This query is : Resolved
26 November 2008
Sir,
May I know the difference between individual and HUF. And what the benifits if one properity shows under HUF and what the benefits if the same properity shows under Individual. which properities shows under HUF.
Thanking you sir,
Regards,
Madan.
May I know the difference between individual and HUF. And what the benifits if one properity shows under HUF and what the benefits if the same properity shows under Individual. which properities shows under HUF.
Thanking you sir,
Regards,
Madan.
26 November 2008
Individual is person who holds self acquired property and having right in ancestral property.
HUF is the sum of all ancestral property that you acquire by virtue of being born in that family.
Benefits. Your question is not clear.
HUF is the sum of all ancestral property that you acquire by virtue of being born in that family.
Benefits. Your question is not clear.
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