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Question
Which of the following can be treated as advantage of HUF form of business?
I. The liability of the co-parceners is limited, except for that of karta.
II. A HUF business is not affected by the insolvency or death of karta.
Select the correct answer from the options given below.
Which of the following can be treated as advantage of HUF form of business?
I. The liability of the co-parceners is limited, except for that of karta.
II. A HUF business is not affected by the insolvency or death of karta.
Select the correct answer from the options given below.
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Solution
The correct option is A Both I and II
The advantages of HUF form of business are:1. The liability of the co-parceners is limited expect for that of karta which makes the karta to manage the business in the most efficient manner.2. A HUF business is not affected by the insolvency or death of any member including that of karta .
The advantages of HUF form of business are:
1. The liability of the co-parceners is limited expect for that of karta which makes the karta to manage the business in the most efficient manner.
2. A HUF business is not affected by the insolvency or death of any member including that of karta .
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