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HUF BILLS

This query is : Resolved 
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(Querist)
19 March 2009 Dear Sir,

we are just make a HUF and going to trading of computer. company name should be XYZ HUF OR CAN BE XYZ ONLY.

2. After Death of Karta who will be karta, HUF is dissolve or new KARTA IS HIS SON,
3. IF FIRM WILL DISSOLVE THEN WHO WILL HEAND HOVER ASSETS AND LIABILITY.
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
19 March 2009 1. name can be either of the two.
2. After death, head male member of family will be Karta, if members doesnt want to dissolve.
3. its HUF not a firm, as details provided by you.
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