HUF formation by Divorced Parents

Can each of the divorced parents create their individual HUFs i.e. two separate Huf with their children..

Replies (1)

Divorce does not automatically dissolve an HUF. The original HUF continues to exist with the father and children. While an individual can technically be a member of different HUFs (e.g., their parental HUF and their own), they cannot simply form multiple HUFs to circumvent tax laws. You should consult a legal professional to manage the removal of an ex-spouse from an existing HUF or to handle a formal partition if dissolution is intended.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register