Huf
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 March 2016
1. Can A be a coparcener or member of his son's HUF, i.e. where his son is Karta?
2. Can A , who has 3 sons, form a HUF only with one of his sons, to the exclusion of other sons?
Please advise
2. Can A , who has 3 sons, form a HUF only with one of his sons, to the exclusion of other sons?
Please advise
Amol S Joglekar
(Expert)
28 March 2016
These situations may persist as per Hindu Law but NOT under incmoe tax Act. (Income tax Act derecognises partial partition)
HUF can NOT be formed as such. It has to be in existence. There are few people who claim that they can form HUF. Let me try to make it simple. HUF is always there. Only thing could be whether or not it has property
HUF can NOT be formed as such. It has to be in existence. There are few people who claim that they can form HUF. Let me try to make it simple. HUF is always there. Only thing could be whether or not it has property
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