Huf
This query is : Resolved
Manish Jain
(Querist)
06 March 2013
CAN A LADY BECOME ACT AS "KARTA" OF HUF.
06 March 2013
Yes, a female can become a karta, but only when the male members are minors or are not in a position to manage the affairs and give a declaration to that effect and seek the permission of the Department to allow the female to manage. Champa Kumari Singhi v Revenue (1962) 46ITR81 (Cal).
Manish Jain
(Querist)
07 March 2013
when elder son liveing out of family, than this rule is applicable ? and which section is applicable.
Aditya Maheshwari
(Expert)
07 March 2013
Refer the Hindu Succession Act. In case there is a male person in the family then he would become the karta.
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