Huf formation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2012
Can HUF be formed after the death of an individual ?
Suppose after the decease of Mr. X , Mrs x holds all the ancestral property in her name.
Can HUF be formed consisting of widow ( Mrs. X) and her eldest son acting as karta to avail benefits of an HuF Account?
Suppose after the decease of Mr. X , Mrs x holds all the ancestral property in her name.
Can HUF be formed consisting of widow ( Mrs. X) and her eldest son acting as karta to avail benefits of an HuF Account?
CA Harish Suwalka
(Expert)
17 January 2013
yes it can be done, courts have upheld this type of huf
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