Question

134. Which of the following statement is correct
with respect to HUF?
a) HUF earns income from salary
b) Four successive generations of
of an
undivided family can form HUF
c) HUF enjoys a separate entity status under
Income tax act –1961
d) The liability of the karta is limited.​

Answer 1

Answer:

b) Four successive generations of an undivided family can form HUF.