11 May 2010
Please help me to know some points regarding HUF. 1> can father and son have a different HUF? one is father,son,son's wife, son's children,his mother. and second one is of only son, his wife and children. 2> can family member of HUF contribute any amount to HUF out of his personal assets? 3> can HUF take any gift? from whom? upto what extent?