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Huf

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 August 2011 hi sir

after death of my father we divide his capital to create my huf(i have a son & brother also have a son) & my brother`s huf & now we have three huf (my HUF,brother`s HUF & my father`s HUF)can it is possible.in family we are two brorher,one maaried sister & my mother.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
12 August 2011 The individual property of father has been transferred and property of father's HUF have not been divided.

It is possible to have 3 HUFs in the above situation.
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CA Shyam Agrawal

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CA Shyam Agrawal (Expert)
13 August 2011 YES YOU HAVE 3 HUF
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