Business Studies, asked by ay8197626, 9 months ago

What is hindu undivided family.. explain it..?.. ​

Answers

Answered by suhanitripathi61
2

Explanation:

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. An HUF cannot be created under a contract, it is created automatically in a Hindu Family.

Hope it helps. Jai Shri Krishna.

Answered by Anonymous
7

Answer:

HEYA HERE IS UR ANSWER ❤❤

Explanation:

Hindu Undivided Family (HUF) is not defined under the Income Tax Act but is covered under the Hindu Law. By definition, HUF consists of all individuals who are lineally descended from a common ancestor and also comprises of unmarried daughters. HUF is not formed by a contract but by the status of a family i.e., it is created automatically in any Hindu Family. Having a common ancestor is a pre-requisite to form a HUF.

HOPE IT HELPS☺️

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