Dear Friends,
i have a Question
Can a person along with his daughter create HUF
he has no son
waiting for ur valuable comments.
18/12/2006
Dear Nitin Kumar,
Fisrt of all HUF can not be 'created'. It comes into exitence by happening of certin events. Like birth of child or on marriage. In case an individual is a member of a bigger HUF and if the huf is partitioned the share of proerty in the hands of individual becomes individual property. Later when the same individual gets married then the same property becoems his HUF property. He may not have child in that case.
In any other situation just by marriage the HUF does not come in existence.
CAclubindia
