I am sr citizen have huf bank account and fd in bank. I am karta by deed. How same will be transferred to whom ? ( 2 sons, elder nri younger res indian ) any suggestion for smooth transfer ? Can wife be karta ?
3 Replies
Arun Shah
(41 Points)
Replied 15 November 2021
Question is after death of karta is transfer automatically ? or what is procedure ... 🤔
Janak Shah
(ca)
(603 Points)
Replied 15 November 2021
No even after death of karta, HUF will continue with eldest son being karta. Yes wife can also be Karta
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