Karta of deceased father's huf
This query is : Resolved
23 March 2025
My father had created huf in 1990 and filed ITR every year. He has 2 sons , I am the eldest son. My mother is alive. My Father died in 2012. I and my brother were not married. In 2013 I became karta of his huf. Bank I sign cheques and ITR return filing I do signature. Huf is still on father name. I am not aware if we have transferred all his assets and liabilities ( only cash/bank/ unsecured loans are there in huf , there is no property in huf) I got married in 2019. My brother got married in 2020. He opened his new huf account.
Query
1) can mother become karta of father's huf now ?
2) can I open a new huf on my name (I married in 2019 and have no kids )
3) if I can open my own huf , can I continue with father's huf as well ? And file returns for both accounts ?
4) if I can open my own new huf account,but in case I can not continue with father's huf account , then what happens to father's huf account ?
Thank you in anticipation.
Query
1) can mother become karta of father's huf now ?
2) can I open a new huf on my name (I married in 2019 and have no kids )
3) if I can open my own huf , can I continue with father's huf as well ? And file returns for both accounts ?
4) if I can open my own new huf account,but in case I can not continue with father's huf account , then what happens to father's huf account ?
Thank you in anticipation.
23 March 2025
1. No. as you are Karta at present.
2. Yes.
3. Yes.
4. If all agree, you can dissolve the older HUF.
2. Yes.
3. Yes.
4. If all agree, you can dissolve the older HUF.
30 September 2025
Good luck....
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