Huf firm a/c
This query is : Resolved
01 May 2012
Dear sir,
My father died in the month of April2012, he had huf firm and also had huf account and fds in the bank, however me and my mothere is members in said huf now after his death what will be the legal status of huf a/c and fds? Whether my fathers huf will be disolve? Or as I am unmaried still can take charge of his huf as karta as his son? Please guide me on this aforsaid issue your suggetions will be valuable for me. Thanks and Regards
My father died in the month of April2012, he had huf firm and also had huf account and fds in the bank, however me and my mothere is members in said huf now after his death what will be the legal status of huf a/c and fds? Whether my fathers huf will be disolve? Or as I am unmaried still can take charge of his huf as karta as his son? Please guide me on this aforsaid issue your suggetions will be valuable for me. Thanks and Regards
01 May 2012
After the death of your father, you will be the successor, i.e the next Karta of the HUF. But all the property held by the HUF shall belong to you and your mother. The HUF will not get dissolved automatically. But you can disolve the HUF, if you want to and with the consent of all the members in the HUF, you can create and execute a property distribution deed of 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
- Supply through E-commerce Operators
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Sales return eway bill
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- Specified Profession
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- STCG on ETF gold & silver
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- 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
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
