HUF

Can a single coparcener maintain HUF status? Tax implications explored

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Can a single coparcener maintain HUF status? Tax implications explored

A HUF consisted of a father, his wife and their son. The wife passed away in 2010, but the HUF continued with the father and son as members. Differences arose between the father and the son. The son was allotted specific properties and separated himself from the HUF. No order was sought from the Income … Read more

Legal Dilemma: Rights of widowed daughter-in-law in coparcenary inheritance — Explained

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Legal Dilemma: Rights of widowed daughter-in-law in coparcenary inheritance — Explained

Can a widowed daughter-in-law demand her share or dissolution of her father-in-law in which her late husband was a coparcener? Under Hindu Law, two categories of members constitute a HUF. The first category consists of those who are born in the family or come into the family due to adoption and are called coparcener and … Read more