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Types of Archaea

Karta in HUF ...

Question

Karta in HUF is _______ of his family.

A

owner

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B

representative

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C

oldest member

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D

none of the above

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Solution

The correct option is C oldest member
Karta in HUF is oldest of the family.

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Similar questions

Q. In a HUF business, the liability of the karta is _______________.

Q. Karta of HUF is the ________ of his family.

Q. Identify which statement is true and which is false?
1. Any person can become member of HUF.
2. In a HUF business, in the event of death of any of the co-parcener, his wife can claim share of profit.
3. In a HUF business, the liability of the karta is Unlimited.
Select the correct answer from the options given below.

Q. A joint HUF business ceases to exist on the death of the KARTA.

Q. Statement X :
Karta is the custodian of the income and assets of the HUF
Statement Y:
An adopted son who is the eldest in the family can be qualified to be a Karta of HUF.

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