2
Question
A joint HUF business ceases to exist on the death of the KARTA.
A joint HUF business ceases to exist on the death of the KARTA.
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Solution
The correct option is B False
On the death of the Karta, the Joint Hindu Family business continues to
exist as the next senior-most family member becomes the Karta. However, a
Joint Hindu Family business can be dissolved any time either through
mutual agreement between members or by partition.
On the death of the Karta, the Joint Hindu Family business continues to exist as the next senior-most family member becomes the Karta. However, a Joint Hindu Family business can be dissolved any time either through mutual agreement between members or by partition.
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