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HUF CREATION

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(Querist)
05 May 2009 CAN HUF BE CREATED BY A PERSON WHO HAS ONLY DAUGHTERS AND HAVING ANSCETRAL PROPERTY INHERITED FROM HIS FATHER ?
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Rajesh Kumar

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Rajesh Kumar (Expert)
05 May 2009 Yes. Daughters are recognised as a coparceners in father's HUF since 2005.
In fact, HUF can be created by a single hindu as long as there is possibility of adding a son or daughter in the family in nature or by law.
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Late CA Sampat Jain

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Late CA Sampat Jain (Expert)
05 May 2009 yes, it is possible
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