Joint account of huf and individual

Pritam (BANKER) (1 Points)

16 January 2019  

A PROPERTY WAS PURCHASED BY  THE HUF AND TWO OTHER INDIVIDUALS JOINTLY. THE SAID LAND WAS ACQUIRED BY  THE GOVT AND COMPENSATION PAID. CAN WE OPEN JOINT SAVING ACCOUNT OF ALL THE PROPERTY HOLDERS AND DISTRIBUTE THEIR SHARE OF THE COMPENSATION AS PER LAND HOLDING SHARE IN THEIR REGISTRY.