Can HUF and an Individual be joint owners
This query is : Resolved
09 March 2011
HUF is a constitution by itself which includes its coparceners/members.
Opening Joint a/c with HUF as one of the a/c holder:
1. Can an HUF a/c be opened Jointly with an Individual, who is a member of the same HUF
2. Can an HUF a/c be opened Jointly with an individual who is not a member of the HUF
Opening Joint a/c with HUF as one of the a/c holder:
1. Can an HUF a/c be opened Jointly with an Individual, who is a member of the same HUF
2. Can an HUF a/c be opened Jointly with an individual who is not a member of the HUF
13 March 2011
HUF Account is for the benefit of members of such Hindu Undivided Family which may not be permitted to share HUF corpus with any one individual - whether member or otherwise!
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