Hindu Undivided Family

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Student CA Final
27 Points Posted on 11 January 2021

There is a HUF (no. 1) with father as karta. The son has his own HUF (no. 2). Both have separate PANs. What will be the legal status of both HUFs if the karta of HUF no 1 dies? Will both HUFs be merged? or they will continue to remain separate entities? 

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On 11 January 2021 at 18:21 Report
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Quick Summary
This discussion addresses the legal standing of two Hindu Undivided Families (HUFs) when the karta of the first HUF dies. It clarifies that even if one son has his own separate HUF with a different PAN, both HUFs will continue to exist as distinct entities. The senior male coparcener will assume the role of karta for the first HUF.

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Chartered Accountant
24588 Points Posted on 11 January 2021
If karta of huf no 1 dies then the second most senior member will be the karta and if both have separate PANs then the huf's will be remain seperate entities
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On 11 January 2021 at 19:05
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17269 Points Posted on 11 January 2021
Both HUF will remain seperate entities. Karta will be the senior male coparcener.
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On 11 January 2021 at 20:18
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Accountant
4533 Points Posted on 16 January 2021
Agree with praveen
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On 16 January 2021 at 19:25

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