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Question
In HUF form of business all the members of a hindu undivided family own the business ________.
In HUF form of business all the members of a hindu undivided family own the business ________.
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Solution
The correct option is B Jointly
The HUF form of business all the members of a hindu undivided family own the business jointly. A Hindu family can come together and form a HUF as one person cannot form HUF, it can only be formed by a family, it consists of a common ancestor and all of his lineal descendants, including their wives and unmarried daughters.Thus the correct answer is C.
The HUF form of business all the members of a hindu undivided family own the business jointly. A Hindu family can come together and form a HUF as one person cannot form HUF, it can only be formed by a family, it consists of a common ancestor and all of his lineal descendants, including their wives and unmarried daughters.
Thus the correct answer is C.
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