HUF
This query is : Resolved
CA.Ritu Agarwal
(Querist)
01 August 2009
Hi
say a HUF consist of Mr.A, MrsA, their four sons all married and having sons and daughters. Now Mr A Karta dies, then whether HUF can be continued by the other members of the family or they have to do partition.
say a HUF consist of Mr.A, MrsA, their four sons all married and having sons and daughters. Now Mr A Karta dies, then whether HUF can be continued by the other members of the family or they have to do partition.
Hiren Panchal
(Expert)
01 August 2009
It Doen't matters whether 'Karta' Dies or Alive,
Other Member of Family can continue after death of Lt.Mr.A as 'Karta' because Mrs.A is still alive and HUF family is still exist...
in case of discontinue of Lt.Mr.A as karta...
The elder Son/ Mother can be Karta...
Other Member of Family can continue after death of Lt.Mr.A as 'Karta' because Mrs.A is still alive and HUF family is still exist...
in case of discontinue of Lt.Mr.A as karta...
The elder Son/ Mother can be Karta...
CA.Ritu Agarwal
(Querist)
01 August 2009
Is lady allowed to be a karta. please check and confirm.
CA.Ritu Agarwal
(Querist)
01 August 2009
is lady allowed to be karta of a HUF
01 August 2009
An HUF consists of a karta, the senior most male member of the family or the manager of the joint family property, coparceners (the son, grandson and the great grandson of the karta who acquire interest by birth in the joint family property) and the members, including female members as well as distant blood relatives in the male line. As the name implies, a single person cannot be an HUF, but a husband-wife can. A female member cannot become the karta of HUF, however, after the last male member dies, HUF may consist of female members only. Despite the name ‘Hindu’, the tax law applies to Jains, Buddhists and Sikhs.
Message likes :
1 times
CA Gangadhar Mishra
(Expert)
11 August 2009
agree
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- EPF ECR NEW RULES Sep 17th 2026
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Issuing of delivery challan by seller of goods
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
