Huf

This query is : Resolved 

08 April 2016 please anyone can explain me in details the entire concept of Huf. how to create huf? why there is need to create huf? who can create huf? what are the benefits of huf?

08 April 2016 As the words portray. it is HINDU undivided Family.
The three things are essential for an HUF to be an HUF
01. Common worship
02. Common Dining/Eating
03. Common Property.
If all are present, then there can be the existence of an HUF.
There are 2 types. A. Mitakshara HUF : (Male is Karta or without offending the emotions of the opposite sex, it is male DOMINATED HUF). Found in rest of the India and B. Dayabhaga : (Female is Karta or Female dominated HUF. ) Found in Kerala, West Bengal, some parts of Orrisa and AP and Telangana, Noeth eastern States like Nagaland, Asam etc


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details