The liability of each member of the HUF business is _____________.

Limited to the extent of share of KART

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Limited to the extent of his share in the business

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Unlimited

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Limited to the extent as may be determined by relatives

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Solution

The correct option is B Limited to the extent of his share in the business
The liability of each member of the HUF business is limited to the extent of his share in the business. In a Hindu Undivided Family business only the male members get a share in the business by virtue of their being part of the family. A Hindu Undivided Family is an extended family arrangement prevalent among Hindus of the Indian subcontinent. It came into existence as per Hindu Inheritance Laws of India.

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