one of my client is having a big family including his father & two brothers of his father. Can they create three huf's- one in the name of father & other two of his father's brothers.?
CA. Tanvi Joshi (Chartered Accountant) (2729 Points)
20 January 2010one of my client is having a big family including his father & two brothers of his father. Can they create three huf's- one in the name of father & other two of his father's brothers.?
CA.Tarun Maheshwari
(CA, DISA)
(7150 Points)
Replied 20 January 2010
He can create HUF of his father. But for brothers of his father, it is necessary that they are married. In that case three separate HUFs can be created where Karta will be those three brothers respectively, and each entity shall be treated as separate entity.
CAclubindia
