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H.U.F can member new Karta

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Finance Manager
30 Points Posted on 19 August 2020

Can a member of HUF create seperate HUF and become karta of new HUF ?

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On 19 August 2020 at 19:12 Report
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Practising CA
8954 Points Posted on 19 August 2020
Yes.
e.g He can be karta of his father's huf as well as of his own huf.
30 Reply
On 19 August 2020 at 20:11
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Finance Manager
30 Points Posted on 19 August 2020

Sir, his father is alive.....and he is karta.

But son(member) wants to create separate HUF.

 

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On 19 August 2020 at 20:33
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156 Points Posted on 23 August 2020
Yes why not.....generally that's what happens in reality ....one person doest always remians as kartha. If huf subdivides kartha gets changed.
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On 23 August 2020 at 14:42


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