29 May 2009
What would be thr status of HUF after becomeing a seprate HUF of one of its member? Let suppose if Mr. x have two sons namely Mr. Y & Mr. Z and Mr. x have one HUF name X HUF in which both of his sons are memebr. After Merriage of Mr. Y he creates a new HUF namely Y HUF in which Y become Karta. What happens with X HUF. will Y will be continued as member of X HUF?
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