Hindu undivided family (abbreviation: HUF) is a legal term related to the Hindu Marriage Act. Due to the development of Indian Legal System, of late, the female members are also given the right of share to the property in the HUF. In CIT vs Veerappa Chettiar, 76 ITR 467 (SC), Supreme Court had occasion to decide on an issue whether after the death of all the female members in a HUF, the HUF would still exist.
Read more about Hindu Undivided Family: Powers of Karta or Manager Regarding Joint Family Property, Powers of Manager, Female Coparceners, Liabilities of The Members of A Joint Hindu Family, Position of A Banker in Extending Credit Facilities, HUF As A Partner in A Partnership Firm
Famous quotes containing the words undivided and/or family:
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