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urgent in HUF if karta dies ?????

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(Querist)
14 July 2010 hello sir


one of HUF firm, a karta is dies. so for cash problem client want to withdraw monery.how can client withdrawn fund from PPF A/C???

under which section of i.tax act ? or PPF ACT ??

is there any provision regarding if karta dies ??? who is sign ???
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
14 July 2010 In case karta dies any senior member of the huf can sign
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
14 July 2010 PPF is a long term investment. It matures in 15 years. However, from start of the 7th year onwards you can withdraw money, once a year.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
14 July 2010 PPF is a long term investment. It matures in 15 years. However, from start of the 7th year onwards you can withdraw money, once a year.

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