Karta of HUF

10 September 2018

Whether Central Govt. employee can become the KARTA of HUF account ?

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5 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182868 Points)
Replied 10 September 2018

Yes, you can be Karta of your HUF, but the HUF cannot do any business.....

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CA Raj Doshi (Practising CA) (8939 Points)
Replied 12 September 2018

Why HUF cannot do any business in this case ? @ Dhirajlal Sir

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182868 Points)
Replied 12 September 2018

The query is for Karta...... who is Governmental employee.......

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182868 Points)
Replied 12 September 2018

....... & Employment terms restrict business activity..... (though restriction is over individuals, but wrongly interpreted even for HUF)

CA Raj Doshi (Practising CA) (8939 Points)
Replied 12 September 2018

ok thank you sir.

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