i have bought some mutual funds in my HUF . Being KARTA of the HUF can i nominate now itself my wife or a particualr child or even myself in that WITHOUT actually breaking the HUF .
Menu
Nomination in mutual funds bought in ppf
Replies (5)
No, because HUF continues even after death of any of its members/KARTA
any other way i can do it
As such not necessary........ because HUF doesn't get closed or block by demise of any of its member/s, till it reduces to single coparcener......
HUF property is co-owned by all its existing members, lasting upto next 4 generation......
and after 4 generations what happens of that ?
HUF has to be dissolved, and the assets gets distributed amongst the prevailing members......
Recent Threads
- ITR-2 Payment Made but Status Not Updated
- Need help for ITR filing
- ITR Updated returns. Time limit for filing
- ITR 2 Processed and Refund Credited to Bank
- Freelancer or Salaried
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
Related Threads
CAclubindia
