WebIn a HUF, the responsibility of Karta is to manage the HUF property. He is the custodian of the income and assets of the HUF. ... If he improperly excludes any member from maintenance or does not properly maintain them, he can be sued for maintenance as well as for arrears of maintenance. # Marriage He is also responsible for the marriage of ... WebThe venture can be as risky as desired so long as the risks are fully and accurately disclosed. A few states have (or did have until recently and could again have in the …
HUF, NRI & US Taxation - LinkedIn
WebMar 28, 2024 · Share of each generation in ancestral property. 8. Extent of claim over ancestral property. 9. Women’s right in ancestral property. 10. Women’s right in agricultural land. 11. Son-in-law’s right in property of … WebThe income of an HUF is subject to tax separately (not in the hands of members) and an HUF is required to obtain a separate Permanent Account Number. An HUF can earn income from all sources, except salary. It may invest in a business and earn profits or earn capital gains. Rental income can be earned on ancestral or other property held by an HUF. tiwari solutions
Gift received from HUF is not taxable - DNA India
WebMar 19, 2012 · karta can sue and can be sued.you go through hindu Law by Mulla which is authority. Narendrakumar J Modi v. CIT 1976 S.C. 1953. Facts: - Baplal Purushottamdas … Web...’ nowhere imposes a liability upon a director of a company limited by shares. In law a company is a ‘Persona-designata’, i.e. a person in the eye of law who can sue or be … WebTrue catastrophic coverage and shifting liability: Preparing for IRA changes. Mar 20, 2024 08:00am. Temp nurses cost hospitals big during pandemic. Lawmakers are now mulling … tiwari solutions class 8