17 March 2009
hi i want to know can a faimily make two HUF. For example father has HUF now married son want to make his own HUF can they do this. condition:- 1.Both living together 2.Both are not living together
17 March 2009
For making HUF the only basic requirement is the two levels of generations..
Father and son...
So, even in a joint family there may be more than one HUF.
For example, Mr. X is living with his two sons Mr. A & Mr. B and their families i.e. Mr.A's wife and son Mr. M and Mr.B's Wife and son Mr. N
the possible HUF in this family can be: 1. Mr. X --- Mr. A & Mr. B (Sons) --- Mr. M & Mr. N (Grandsons) 2. Mr. A --- Mr. M (Son) 3. Mr. B --- Mr. N (Son)
hence, even if they are living together, they can form separate HUFs' with their immediate family.
CAclubindia
