Business Studies, asked by s1154911cujjwal04184, 7 months ago

meaning of HUF/JHF and its features

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Answered by korthamyamini525

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Answered by vanshkapoor690

Meaning of HUF

Hindu undivided family HUF

Under hindu law,an HUF is a family which consists of all persons lineally descended from a common ancestor and includes their wives and unmarried daughters

Meaning of JHF

Joint hindu family

The joint hindu family business is a form of business organisation run by hindu undivided family where in the family members of three successive generations own the business jointly.

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