Question

Observation of joint hindu family business

Answer 1

Joint Hindu Family Business:

• The Joint Hindu Family Business or the Hindu Undivided Family (HUF) is an exceptional form of business organization establish only in India.
• Nowhere else in the world is this a permissible form of business unit.  
• The Joint Hindu Family Business or the Hindu Undivided Family (HUF) is a unique type of business unit.
• It is administered and uttered by the Hindu Law, which is one of the several religious laws predominant in India.

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