Question

why types of liability is with him in huf business

Answer 1

Hello…

A Joint Hindu Family business is a family concern with operates under the provision of the Hindu Law and Hindu succession , Act 1956. According to Joint Hindu Family law, JHU consists of all persons lineally include all family members. A member in Joint Hindu Family is known as co-parcener.

A business enterprise is run by the family member and they run the business as family
business is called Joint Hindu Family business. The firm comes into existence by the law of inheritance. It is governed by the Hindu Succession Act, 1956.

In Joint Hindu Family business, authority of controlling the business lies in the hands of the ‘Karta