LIABILITY OF PROPRIETOR FIRM IN NAME OF HUF.
1) IN CASE OF LOSS ,
2)IN CASE OF ANY GOVT LIABILITY ,
3 )LOSS IN SHARE IN PARTNERSHIP IN WHICH KARTA IS PARTNER
EXAMPLE LOSS AMOUNT -10 LAC
NOTE : HUF DONT HAVE ANY PROPERTY OF ITS OWN BUT ONLY SMALL CAPITAL OF 100000 IN BANK SO HOW IS KARTA ,COPARENCER AND MEMBER WILL BE LIABILITY TO PAY ABOVE LIABILITY
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