huf
This query is : Resolved
28 October 2010
my father who was the karta passed away recently.my mother now wishes to become the karta along with her 2 daughters as members of the huf.what is the procedure.my fathers huf has property,shares and bank accounts with my mother as nominee.my mother wishes to continue the huf.
28 October 2010
Aryan, your mother wish to become karta alongwith two daughter. ( I want to know why you are not becoming the member of the HUF), Because atleast one male member is copulsory for HUF. You all 4 can form the HUF.
Otherwise incase of death of sole male member , so long as the property which was originally of the HUF remains in the hends of the widow of the member of the family and is not divided among them , the joint fafily continues.
Otherwise incase of death of sole male member , so long as the property which was originally of the HUF remains in the hends of the widow of the member of the family and is not divided among them , the joint fafily continues.
28 October 2010
In your case the original HUF may be continued with your sisters having coparcinary rights only.
The ladies in the case can't be karta. & they can't even make a new HUF together neither with nor without you
The ladies in the case can't be karta. & they can't even make a new HUF together neither with nor without you
28 October 2010
my name is aryanna,short form is aryan.we are 2 married daughters with my mother who wishes tobe new karta
29 October 2010
sorry...ur nickname gave the impression that u r a male.
well in that case, u can continue with the existing HUF. It has been held by the Allahabad High Court in CIT v. Sarwan Kumar 13 ITR 361 (All) that there can be an HUF consisting of female members only where a couple has only one issue—-a daughter—-and the husband passes away,the mother-daughter duo can continue the HUF
well in that case, u can continue with the existing HUF. It has been held by the Allahabad High Court in CIT v. Sarwan Kumar 13 ITR 361 (All) that there can be an HUF consisting of female members only where a couple has only one issue—-a daughter—-and the husband passes away,the mother-daughter duo can continue the HUF
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
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR 1: Details for showing Exempt Income
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
