STATUS OF HUF

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Parixit Namdhar (Querist)
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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?

SANDEEP AGGARWAL

SANDEEP AGGARWAL (Expert)
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29 May 2009 Yes, Mr X will continioue to be a member of higher HUF and Karta of his HUF

Regards,

Sandeep Aggarwal

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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29 May 2009 agreed with the expert

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
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29 May 2009 Y will cease to remain as member of X(HUF)

Parixit Namdhar

Parixit Namdhar (Querist)
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29 May 2009 I m confused.
Nitin will you tell me why Y will cease to remain member of X HUF?

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
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30 May 2009 Since now Y has become the karta of its own HUF.

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