Hi Guys,
Just had a doubt. How many HUF's can be created within 1 family. As in can 1 big family have multiple HUF's like Father and Son as 1 HUF, Son, his wife and their child as 1 more HUF etc. Is that possible or is it like however big the family is only 1 HUF can be created?
Awaiting replies from you all.
Thanks
Mohit
In a Family a father can create his HUF by making his wife and sons as members of HUF. And each of his Son can make his own HUF as soon as he gets married.
Aggarwal Sarawagi and Co
New Delhi
CA
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