Question

Hindu undividual family (HUF) Business?​

Answer 1

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HINDI INDIVIDUAL FAMILY IS A PRECISE KIND OF BUSINESS STRUCTURE FOUND ONLY IN INDIA.

THE BUSINESS IS MANAGED BY THE HEAD IF THE FAMILY(ELDEST MEMBER) AND HE IS CALLED KARTA. HOWEVER, ALL THE MEMBERS HOLD EQUAL OWNERSHIP OVER THE PROPERTY OF AN ANCESTOR AND THEY ARE CALLED AS CO-PARTNERS.

Answer 2

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• HINDI INDIVIDUAL FAMILY IS A PRECISE KIND OF BUSINESS STRUCTURE FOUND ONLY IN INDIA.
• HINDI INDIVIDUAL FAMILY IS A PRECISE KIND OF BUSINESS STRUCTURE FOUND ONLY IN INDIA.THE BUSINESS IS MANAGED BY THE HEAD IF THE FAMILY(ELDEST MEMBER) AND HE IS CALLED KARTA. HOWEVER, ALL THE MEMBERS HOLD EQUAL OWNERSHIP OVER THE PROPERTY OF AN ANCESTOR AND THEY ARE CALLED AS CO-PARTNERS.