Dissolution of huf


This query is : Resolved 

03 December 2012 my grandfather needs to dosolve his huf can u tell me who are the co-parsners to the huf he has a wife, 2 sons and 3 daughters. and grand sons and grand daughters to all the 5 childrens.
how can he desolve the huf. can his huf be continued after his death? if so who will be the karta? his eldesst son or a daughter or his wife?

03 December 2012 The better word is PARTITION. (Please never use the word dissolution.) Partial partition is NOT recognised by Indian Income Tax. If he does not partition the HUF, the eldest son will be KARTA after his sad demise.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query