HUF

Tax planning 3067 views 12 replies

Mr. M is Karta of a HUF consisting of three major sons their wives and his wife. His three sons’ families are as follows:-

 

i.                     First son Mr. S consisting of himself, his wife and one daughter

ii.                   Second Son Mr. R consisting of himself, his wife two daughters and one son

iii.                  Third son Mr. A consisting of himself, his wife and three daughters

 

 

Mr. R is  Karta of  HUF consisting  of himself ,his wife and son and daughters.

 

The query is:-

First son Mr. S and third son Mr. A who have no son but only daughters and can they form HUF in these circumstances?

 

It appears from ruling of various cases that to form HUF, son is not essential but nucleus along with   plurality of person has to be there.

 

In the above circumstances how nucleus for HUF of Mrs. S and Mr. A can be created?

 

Is it possible to partition the bigger HUF of Mr. M and create smaller HUF of Mr. S and Mr. A?

 

Replies (12)
hi
Mr kumar in HUF only the male member can be the Karta, no women can be Karta or create HUF.
2nd thing Suppose if there are one father and their four sons and another suppose there is dispute between the all five people [one father and his four son]. one father can make HUF wiht their one or two sons but those sons which are left can not make HUF together.so BROTHER'S CAN NOT CREATE HUF in the above case S AND A CAN NOT CREATE HUF.
Mr. Kumar, For HUF creation, presence of one male member as karta is approved by SC in N.V. Narendranath v/s. CWT case.

How create a HUF account & what is the benefit of the same.

Can any one tell me about HUF rules

I am married and have a daoughter , and i was told that i can"t make HUF becoz in huf son is must is it true ?

please tell me abt it

please mail me at speed2001in @ rediffmail.com

Can any one tell me about HUF rules

I am married and have a daughter , and i was told that i can"t make HUF becoz in huf son is must is it true ?

please tell me abt it

please mail me at speed2001in @ rediffmail.com

Even if One has a daughter he can form a huf

can i create a girl, i have one daughter?

I and my wife both are government servant. I  have created HUF. My wife and my son ( who is minor ) are members of my HUF. Can I do  personal busiiness  or partnership in bussiness in the name of HUF.

sir,

     I want to know can a Wife/Women be Karta of HUF

Originally posted by :Guest
" sir,
     I want to know can a Wife/Women be Karta of HUF
"

  generally no but in exeptional cases a women can be a karta of the HUF

how to create a HUF

Hi,

Can anyone tell me what are the benifits of creating HUF? I am married person. My wife and mother are not working. Me and my father are working. Should I create HUF? How will this help me?

Regards, Kiran


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