HUF
This query is : Resolved
24 December 2019
Can One Man be Karta in Two HUF accounts, like as follows:
Big HUF – Husband (Kartha) and Wife
Small HUF – Husband (Kartha), Wife and 3 Children
Big HUF – Husband (Kartha) and Wife
Small HUF – Husband (Kartha), Wife and 3 Children
22 May 2020
A person is already a karta of his own HUF consisting his wife and children, though he is a coparcener in the HUF where his father is a karta, upon the death of his father if he is made karta of that HUF, there is no legal infirmity in it. Thus, it is possible a person can be Karta in two HUF.
https://www.kaanoon.com/130989/a-person-karta-of-two-hufs
https://www.kaanoon.com/130989/a-person-karta-of-two-hufs
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