HUF
This query is : Resolved
05 May 2009
i WANT TO KNOW IF KARTA OF huf EXPIRED WHAT TO DO kARTA'S ASSETS & iNCOME?
CA. B.SRINIVASULU
(Expert)
05 May 2009
If karta expires the male member whose age is more in the family will become the karta. If no male members are there then the HUF will be dissolved.
Rajeev Garg
(Expert)
06 May 2009
in that case assets may be distributed among legal heirs
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