Question

who is karta in the hindu joint family business?what type of liability is with him in HUF business

Answer 1

Karta is the manager or the senior male member of the HUF. Unlike other members he have more powers in decision making process and other things.

LIABILITIES

The karta of a HUF have unlimited liabilities unlike other members who have limited liabilities.

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Answer 2

Explanation:

In the case of HUF, if the business suffers from losses, then losses can be recovered from Karta's personal property.

The co-partners are responsible to bear the losses upto the extent of their share on profit.

Losses cannot be recovered from their personal property