Question

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.

• A. X is true but Y is false
• B. Y is true but X is false
• C. Both X and Y are false
• D. Both X and Y are true

Answer 1

The correct option is D Both X and Y are true

The head of hindu joint family is known as karta or the manager occupies a unique position unlike any other member of the family . The senior most joint member of the joint family is usually the head or karta of the Hindu Undivided Family.

The statements fore mentioned related to karta are true:

1. Karta is the custodian of the income and assets of the HUF.

2. An adopted son who is the eldest in the family can be qualified to be a karta of HUF.