HUF Karta Change to my deceased father
This query is : Resolved
20 February 2022
Hi,
I wanted some help from the group.
My Father in law and my Mother in law expired in 2020, my Wife is only child to my in laws.
My Father in law had an HUF, I am not able to trace back any HUF deed for the same (looks lie HUF was not registered), but he has a PAN in name of HUF. He had couple of bank account, FD and MF.
My wife now wishes to continue as Karta for my father in laws HUF as she is the only survivor to the family.
Please suggest what can we do to change my wife to Karta of HUF account and also change Karta in PAN Card.
I wanted some help from the group.
My Father in law and my Mother in law expired in 2020, my Wife is only child to my in laws.
My Father in law had an HUF, I am not able to trace back any HUF deed for the same (looks lie HUF was not registered), but he has a PAN in name of HUF. He had couple of bank account, FD and MF.
My wife now wishes to continue as Karta for my father in laws HUF as she is the only survivor to the family.
Please suggest what can we do to change my wife to Karta of HUF account and also change Karta in PAN Card.
26 February 2022
As there are no more coparceners in HUF, the HUF cannot exist anymore. It has to be dissolved, with the transfer of the existing assets in favor of your wife.
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26 February 2022
Thanks for the reply, what ia the process of dissolving HUF as there is no original deed.
26 February 2022
No need of HUF deed now, just apply with ITO for its dissolution, with reference to its existing structure.
26 February 2022
Thank you for your help
26 February 2022
Most Welcome ...
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