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 .
CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more.
know more Â»
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......
Your are not logged in . Please login to post replies
Click here to Login / Register
view more »
Set Content Preference
Our Network Sites
Download CAclubindia App
Alternatively, you can log in using:
Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.