If the HUF consists of Karta, Wife and Three married daughters; whether 3 married daughters are members of the HUF?
Now, the Karta dies leaving behind the wealth in the name of HUF. Now, what will be the position of the HUF. Kindly confirm if the HUF will sustain or will have to be dissolved. Can the wealth of the HUF be distributed amongst the 3 married daughters on compulsory dissolution with the wife as consenting party?
If there is no requirement of compulsory partition; can wife opt for full partition and distribute the wealth of HUF amongst the 3 married daughters?
Pl guide on the above matters in light of Income Tax Provisions and the HUF laws applicable in Gujarat
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