STATUS OF HUF
This query is : Resolved
Parixit Namdhar
(Querist)
29 May 2009
What would be thr status of HUF after becomeing a seprate HUF of one of its member?
Let suppose if Mr. x have two sons namely Mr. Y & Mr. Z and Mr. x have one HUF name X HUF in which both of his sons are memebr.
After Merriage of Mr. Y he creates a new HUF namely Y HUF in which Y become Karta. What happens with X HUF. will Y will be continued as member of X HUF?
Let suppose if Mr. x have two sons namely Mr. Y & Mr. Z and Mr. x have one HUF name X HUF in which both of his sons are memebr.
After Merriage of Mr. Y he creates a new HUF namely Y HUF in which Y become Karta. What happens with X HUF. will Y will be continued as member of X HUF?
SANDEEP AGGARWAL
(Expert)
29 May 2009
Yes, Mr X will continioue to be a member of higher HUF and Karta of his HUF
Regards,
Sandeep Aggarwal
Regards,
Sandeep Aggarwal
29 May 2009
agreed with the expert
CA Nitin Wadhwani
(Expert)
29 May 2009
Y will cease to remain as member of X(HUF)
Parixit Namdhar
(Querist)
29 May 2009
I m confused.
Nitin will you tell me why Y will cease to remain member of X HUF?
Nitin will you tell me why Y will cease to remain member of X HUF?
CA Nitin Wadhwani
(Expert)
30 May 2009
Since now Y has become the karta of its own HUF.
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