joint hindu family business
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Joint hindu family business is a form of business in which the eldest person of the family which is running the business is declared as the head. The eldest person is called Karta which takes decision in business. In Joint hindu family business, ancient capital of their family must be involved in business. If the eldest person dies, then the person elder in the whole family is declared as Karta.
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Answer: when Hindu undivided family conduct this business inherited by its as per the Hindu law is called joint Hindu family business.this is ancestral business of their family.the members of the business is known as coparceners and senior most person is known as karta.karta is a head of joint Hindu family business this business run according to the Hindu succession act 1956 and this business conduct only in India
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